![]() Don’t need to worry about your computer crashing or files corrupting, or needing to back up any files.Pros of tracking income and expenses on paper The main problem with using a notebook is that it can be time consuming to rule it up each time – you can’t set it up and re-use the same template again and again as you can with digital systems. The purchases stickers are a printable from my shop Related: How to keep track of spending using stickers and blank notes pages of your planner If you have a lot of expenses, using a separate page for each expense category is a good idea, or ruling 1 page in half. If you use this method I recommend keeping 1 running list of expenses and using different colored pens or highlighters to color code each expense category. The pros of this system are that once the cash is gone you can’t spend it!Ī notebook is the easiest, simplest (and cheapest) method for tracking expenses. ![]() I made some cash envelope stickers (in lots of colors so they’re ideal for color coding!) They’re available in my printables shop if you want to try this method. and keep a record of where the money has been spent by writing on the envelope, or by writing on a piece of paper kept in the envelope. Related: 5 Ways to save money when you have an Online Businessįor this system, you use a separate envelope for each expense category e.g. Then transfer money out of my savings account to pay off the credit card so I never actually pay any late fees. I try and avoid using cash and put everything on my credit card (to earn points). I’ve personally not tried this system before. Related: What Expenses Can I Claim? FREE Printable Checklist of 100 Tax Deductions and How to organize your taxes with a printable tax planner Having everything in the one place and with me wherever I went was the main reason I used printables / pen and paper for so long. I also liked that I could keep it within my planner so I could record spending then and there and keep track of where every single dollar went. I used separate pages for bills, the monthly budget etc. The main reason I liked using printables was because they keep everything separate. In an effort to simply my planning system (hence why I’m trying out 52 planners in 52 weeks), I’ve extended that philosophy to my finances. I used printables to track spending for around 5 years. Pen and Paper Pen and paper options for tracking spending: Related: Planner Organization: How to color-code your planner (so you’ll actually use it effectively) Color coding just makes it so much easier to track what money has been spent where! On paper you can use colored pens, on a computer you can use colored text or color the boxes in Excel. I highly recommend color coding which you can do using both pen and paper and digital systems. I share my current system for tracking spending later in this post, but first, if you’re trying to decide whether to go digital or stick to pen and paper (or vise versa), then I’ve compiled some pros and cons for each, as well as different tracking methods to consider! Since I reconcile my spending on a weekly basis and reconcile shop expenses at the same time as my personal spending, it made sense to just do everything digitally (in Excel), all at the same time. However, a couple of years ago my accountant informed me that I had to make the switch to digital for tracking my business’ income and expenses. I’m very much a pen and paper person and prefer to keep track of appointments etc. I faithfully used the budget planner printables I designed way back in 2013 to track my income and expenses up until a few months ago, when I made the switch to digital. I’ve purchased printables from you – how should I set up my planner?.What is a Printable? What happens when I purchase a printable from you?.Why printables? Do you sell printed versions of your products?. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |