This is my attempt to track each and every rupee I earn and spent. I would like to be accountable and this will help me to identify where I am spending more and see If I can try to reduce my spending and try to invest the balance amount.
Income for Month of August 2017
|Job Paycheck||Rs 86,200|
|Other Income||Rs 0|
|Total Income||Rs 86,200|
Expenses for month of August 2017
|Apartment Maintainance||Rs 3000|
|Washing Machine EMI (12 months)||Rs 4376|
|Entertainment (Movies/Restaurants/Pubs)||Rs 6000|
|School Fee||Rs 2500|
|Wife'y Parlor expenses||Rs 2000|
|Misc. Expenses||Rs 4000|
|Total Expenses||Rs 76,762|
So Total savings for this month comes to Rs 9438. In this I am planning to invest all the savings into Stock market. I am planning to buy a Stock in next 2 to 3 days and I would be posting the details of it in coming weeks.
When I deep dive into my Income/Expenses details, I am able to save 9.1% of my Total Income. Which I consider pretty bad, My Ideal target of saving’s percentage would be 20%.
Entertainment and Misc. Expenses are the categories where I can try to spend less. I will make plans in reducing the spending in coming months.
As my Maid is pretty inconsistent in attending the chores daily, wife’y and me thought It would be a good investment to buy a washing machine. So In August I bought a LG 9 kg Fully automatic Front load washing Machine . We bought this on my credit card for Rs 49,000. I have taken the option of EMI for 12 months.So I would be paying off around Rs 4376/month.
I guess these numbers reflect the expenses for most of the aam Junta. Overall I guess I made good choices in month of August, For e.g Starting the Blog, Investing in SUNPHARMA,etc..
So Guys how did you do in August??