Setting Personal Finance Goal:

Spending money is the largest part that involve in our daily life. People face a lot of struggling spending their money on different items. The question is how to better adjust ourselves to a well spending plan? It will be remain hidden if we don’t have a heart to do so and would always unwise keep loosing money without a good planning.

Monthly Income Stream:

This is something that should be in calculation to measure the incomes and together estimating the expenses whether i will be controllable which is the greatest part of the monthly portion of periodic expenses.

Formula of Money Income Calculation

• Sum of Net monthly wages
• Sum of Net monthly wages of others in home
• Public assistance, foods, posts, stamps
• Unemployment/ disability
• Child support and others
• Social security/ retirement/ others
• Others…
• Total of Net monthly income from all the above.

Compare Incomes & Expenses

• Net Monthly Income
• Estimate Expenses:
  • Fixed
  • Controllable
  • Periodic
  • other monthly portions

• Balance of the incomes and expenses

Expense for the Periodic

These facts will happen several times a years and it is wise to keep it update where we can see it clear not to mislead in anyway. Those are things that include the taxes, insurances, holidays, vacations…etc.