Money Tracking System ๐ฐ
Have you got your MONEY TRACKING SYSTEM in place... It's the best tool to track your inflows, outflows, Assets, and Liabilities.
Be it an individual or Business, designing and following a disciplined Money Tracking System will help you to grow and monitor the GAP in your NETWORTH.
Always remember....
"WHAT YOU CAN TRACK, YOU CAN IMPROVE"
FEW HACKS -๐
Money Tracking System -
1. Your monthly savings is the difference between your income and outflow, more the positive difference, better the savings.
2. Start tracking your money and surely your money will start growing.๐
3. If you find leakage in the savings amount, identify it, label it as necessary or unnecessary then work on rectifying the leakage.
4. Income - Simple Disciplined Rule ๐
Use 30% - 40% - 30% formula -
30% Invest it for your Future.
40% For your Monthly Expenditure.
30% For EMI's , Self Upgradation etc.
Doing this for straight 2 to 6 months will give you an insight of your actual savings.
The Magic of Financial Abundance is not in doing something new every time, it's in doing things Continuously in determined and Disciplined Format for a long period of time....
Happy Investing ๐
Have a great Weekend
Biswajit Roy
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