Table of contents
https://www.loom.com/share/220de0e424ed4136b05b32655e6be73e
<aside> <img src="/icons/info-alternate_gray.svg" alt="/icons/info-alternate_gray.svg" width="40px" /> The Needs-Wants-Savings framework simplifies personal budgeting by dividing expenses into three categories: Needs, wants and Savings.
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<aside> 💡 FIll the finances column in the left according to your current financial status
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<aside> 💡 The dashboard will be automatically updated once you add the expenses below and associate the expense with the property item
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<aside> <img src="/icons/info-alternate_gray.svg" alt="/icons/info-alternate_gray.svg" width="40px" /> Use this section to establish clear financial goals. Use the SMART methodology - specific, measurable, achievable, relevant, and time-bound (SMART) to structure financial goals and create a structured plan for success. These goals act as a compass, guiding financial decisions and promoting disciplined saving and spending habits.
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<aside> <img src="/icons/info-alternate_gray.svg" alt="/icons/info-alternate_gray.svg" width="40px" /> To complement the Needs-Wants-Savings framework, maintaining two distinct tables for intended and actual expenditures enhances budget management. The "Intended Expenditures" table serves as a proactive planning tool, allowing individuals to allocate funds according to the predetermined categories of needs, wants, and savings. On the other hand, the "Actual Month Expenditures" table reflects the real-world outcome, showcasing where the money was actually spent.
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<aside> 💡 Add the expenses on the categories (needs, wants and savings) that you expect to have each month on the Intended expenditures table
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<aside> 💡 Replicate the names and value of the Intended expenditures table to the actual month expenditures. The other relevant values will be added automatically
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<aside> 💡 On the actual month expenditures you can track both the amount intended vs amount spent and the deadline for payments that are not automated
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<aside> 💡 Use the button below to add a new month and archive the previous one
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