MONEY: A USER GUIDE
day5.htmlCalculate Current Spending
Calculating spending is a big job. But like any big job, it gets easier if you break it down into bite-size chunks.
There are two types of spending: Monthly Payments and Occasional Expenditures. We'll create a table for each.
Monthly payments are payments due each month, typically on the same day of the month. Examples: rent, utilities, phone, internet, streaming services, car payments, and credit card payments. Monthly payments typically involve a statement and are easy to calculate.
Below is a Monthly Payments table.
| Expense | Due | Amt | IE 1 | IE 2 | ||
|---|---|---|---|---|---|---|
| Rent | 01 | 1,100.00 | 539.00 | 561.00 | ||
| Utils | 05 | 350.00 | 171.50 | 178.50 | ||
| Phone | 10 | 150.00 | 75.00 | 75.00 | ||
| Internet | 14 | 100.00 | 100.00 | |||
| Streaming | 19 | 14.99 | 14.99 | |||
| Car pmnt | 23 | 280.52 | 280.52 | |||
| CC pmnt | 28 | 614.56 | 301.13 | 313.43 | ||
| TOTALS | 1,201.62 | 1,408.45 | ||||
Step-by-step instructions for building it may be found here (Numbers) or here (Excel).
Restate The Lesson. in a user-friendly way.
Aphorism