Skip to main content

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





Labels:

Comments

Post a Comment

Popular posts from this blog

Keynes vs Minsky

I am a beginner in economics but reading Positive Money book 'Modernising Money' by Ben Dyson and Andrew Jackson. My interest grew in the work of Minsky and encouraged me to read more about Keynes. Keynes economics promote the view that in the long run economics system converge into an equilibrium with the support of the government. Nevertheless you cannot help the role of banks in the system and wonder after reading the following quote: “But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.”   (Keynes, 1923) This imply that economists did not comprehend why we had a financial crisis and collapse.  Minsky with  his model 'Financial Instability Hypothesis' strive to answer this question.  The idea in Minsky's work in a 'simplistic summary is that in very
Post a Comment
Read more

Leicester Stories: What conversations and discussions did you have with people living and working in Leicester?

Dr Rob Watson interviewed me as part of Leicester Stories series #BuildBackBetter in July 2021.  Prior to the interview, he sent me few questions for me to prepare the interview and start thinking about what it means to Build Back Better post-pandemic. In the following post, I answer one of the questions augmented after reflecting upon the interview R: I’d like to know what conversations and discussions people living and working in Leicester had during the lockdown, especially when these conversations started to focus on the idea of Building Back Better? Through the lockdown, my discussion were upon the tools available to people to support their mental health and connections with others. In a trauma-informed programme, the first steps are stabilisation and regulation. In other words, if someone is in a state of shock, the first step is to ground them and help them manage their emotions. In our community, we experienced first hand what it is to be in a state of shock during the pandemic
Post a Comment
Read more

First kiss

When did you first fell in love? What happened? My first love was Jeremy a sweet love until we were shamed in front of the whole class for inappropriate behaviour. We kissed
Post a Comment
Read more