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How to budget so you can save & invest more at the end of the day.


๐Ÿ”‘ The template attached helps you save extra unused money at the end of the day, so you can use them for long-term investments.



First things first, open a sub account for "untouchable funds"

  • Check with your bank how you can open a sub account

    • many of them offer these which do not require

      • maintenance of certain amount

      • monthly fees

      • etc

  • (Objective):

    • this sub account is for your long-term savings, ie:

Your long term savings should not be mixed with your daily expenses
Your long term savings should not be mixed with your daily expenses

Remember, ALWAYS "Pay yourself first"

  • It is a game changer.

Then, determine your monthly budget per your lifestyle

  • Click here for the budgeting tool

  • First, list out the:

    • first & last day of the month on Column L

      • for example: if its the month of August:

        • put 1/Aug/2022 on cell L5

        • and 31/Aug/2022 on cell L7

  • Next, List out your monthly expenditures items on Column D, into the 2 segments of:

    • i) Fixed monthly one-off expenses

      • Rental/ Mortgage

      • Phone bill

      • Gym membership

      • Subscriptions (Netflix, Spotify etc)

      • add others where you see fit

    • ii) Expenses which are incurred on daily basis

      • Daily meals:

        • Breakfast, Lunch, Dinner

        • Groceries

      • Transportation

      • Entertainment

      • General expenses, etc

      • add others where you see fit

  • and their respective expenses (in $) in Column E.

And track all your expenses in Column G.

Under "Daily expenses"

  • exp: after paying your monthly rental of $1000, list it out on cell G6,

  • and you can see the Balance left on cell F6 will be 0.

Under "Daily expenses"

  • Track your daily expenses on Column G

  • For exp: if you spent:

    • $5 for breakfast

      • (you would have $2 extra saved at the end of the day)

    • $7 for lunch

    • $10 for dinner

      • (you would have spent more than $3 of your allocated budget)

  • Column H will show you the available balance left for the day, so it will serve as a reminder to not overspend.

Benefits of this budgeting system

  1. Will reduce the chances from overspending on a daily basis

  2. for any excess money which were unused

  • they could be moved to your "Long term savings" acc

    • Investment funds

    • Emergency funds

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