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I had the problem a few years ago that at the end of the month my bank account was always empty or even emptier than it should be. What I did then was to setup a plan (in excel) to calculate all my costs in the next full year.
What I discovered was, that my fix costs were way too high, but I didn't even recognized it before I wrote it down. So here is what I did:
The excel sheet helped me a lot to get my budget right again. I eliminated all the costs that I don't need.
Remember: To get your fixed costs down you will need 3 to 6 months before you can begin to spare any money again!
What I discovered was, that my fix costs were way too high, but I didn't even recognized it before I wrote it down. So here is what I did:
- Calculate all the incomings for a full year
- Try to remember all your expenses: Rent, Car, Petrol, Doctor, Mobile, Insurances, Taxes
- Go through all past invoices and look what you forgot
- Calculate all the things and look if your expenses exceed the income
The excel sheet helped me a lot to get my budget right again. I eliminated all the costs that I don't need.
Remember: To get your fixed costs down you will need 3 to 6 months before you can begin to spare any money again!