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Cash in Cash out





The analysis of my bank statement made me see how much I am taking out from the bank in cash but did not tell me exactly on what I was spending all of it in. So with my lovely spreadsheet, I have tracked over a month period, how much I was spending in cash and on what.

Good News Or Bad News? £363.59. It is approximately 25% of what I receive per month more or less. 





No surprise


I was not surprised with the money I spent on outings because it was all planned for and I actually spent less than expected. Food was almost the budget I planned for the month £50. Cash for my personal development was also planned for which is good... However

It could have been a lot less...

If only I
- did not have lost my bus pass £60 BOOM
- used other buses than the one I purchased my pass from because I missed the last one >> £7.1
- did not have bought too many take away, chocolate bar and pastry > £30

It would have been about 265.9

For the lost bus pass, tough I guess...

but the war against take aways and chocolate bar have now started...You could tell me £30 pound is not that much >> it is approximately 360 per year. It is more than one settlement for my monthly loan reimbursement.

So what is MY CUSTOMER JOURNEY IN THE LAND OF SWEET AND SALTY ENEMIES?



The Vending Machine at Work
Likely to be approached around 10-11am
because I am so hungry and
do not have any snacks with me or
worse I forgot my lunch

What Am I likely to buy at the vending machine



When I live work, here come my second enemy... waiting for the bus feeling starved again>>

Then there is the odd weekend but more likely I forgot my pack lunch or did not make it to go to work with sooo >>






Alright there are three points in the day where I am likely to buy those things >> morning crave, lunch crave, and afterwork crave. Solution 3 Fruits + AFTER YOU FINISH YOUR DINNER, PACK YOUR LUNCH.

Summary

  • Tracking your spending over a month period is a good way to understand how and where you spend.
  • when you identify an issue, map your journey, identify why you have behave a certain way. 
  • Then Develop YOUR solution
  • Also add those miscellaneous spendings into your budget. Now that it is identified, it has to be budgeted for...

Et voila Cherrios





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