It's the end of the year, and every family should stop and think about their expenses for the coming year. Do a good annual budget and you'll achieve financial freedom faster. So what should a family do with its annual budget?
Asset inventory. It is best to make a household balance sheet for asset inventory. Assets include: current assets; Financial assets; Real property; Accounts receivable; Liabilities include: loans, credit cards, loans, etc.; Household "net worth" can be obtained by filling out the form.
The information illegally crawled from experience
Draw up "Family annual budget table", refer to the figure below, note: it can also not be divided by month.
Annual income budget, including: 12 months salary; Bonus; Financial income; Part-time income; Rental income; Other income.
Fixed household expenses, including four categories: home (RV) : phone bills; Water network fees; Heating bills; Decoration and maintenance expenses; Household goods; Vehicle fees (maintenance, parking fees); Life (food, clothing, housing and transportation) : catering (three meals, fruit); Daily necessities (clothes, babies, tobacco and alcohol, etc.); Honor the elderly (Chinese New Year, birthday); Children's expenses (tuition, interest classes, clothes, toys and books); Public transport fees; Pet expenses (dog food); Entertainment: movies; Travel; Fitness; Books; Beauty salon; Protection: Car insurance; Personal insurance; Medical expenses; Cost of vaccines (children's vaccines, etc.).
Other expenses include: birthdays of friends/leaders; A party with friends; A friend gets married; (partly predictable) Children's 100-day feast; New Year's red envelope to the younger generation; (basically predictable) unexpected expenses.
Annual surplus budget. Annual income - Annual expenditure = annual balance. This completes the family's annual budget. Make a budget every year, ensure the positive growth of family assets every year, and hold the golden key to wealth freedom.