In order to prepare an efficient budget, you must first account your current expenses. List down all items paid for during the day, on a daily basis. A sample of which is shown above.
It’s easier if you’ll keep the receipts in a purse and jot down in your notebook or planner at the end of the day. Include all disbursements, even your personal allowance for the day. You may have some loose change to go with that, you can put that in your piggy bank, or simply placed in your coin purse for future use. It’s a tedious task to account for the minimal costs involved.
This goes on week after week after week, until the last week of the month. By the end of the month, we’ll have the full account of your expenses.
