Many out of you are doing job in medical area, civil engineering and even accounting area. They can easily say, what is the need of personal income and expenses account daily.
They will start excuses without logic.
1. We do not pay the tax on personal income. Personal income is only for fun and enjoy.
2. We can spend as our desire, it is our own money which we have earned from hard work.
3. No need of personal income and expenses account daily because we have less income, we are hand to mouth
All are right but Do, you know its secrets 3 ideas of making personal income and expenses account daily. I make, so, I got and I am here to share with you.
1st Secret : You Can make Strategy to Keep Expenses Under Control on the Time
There are large number of community in the world, they are only machine to complain that our expenses are more than our income. We are unable to control our expenses. But all are speaking lie because they do not keep their daily record of income and expenses. If they record, they can see which day, they got less income as per the expectation and now, some expenses on day can be postponed in next day.
Without keeping daily income and expenses account, they will make only bad habit of spending more than earning.
2nd Secret : You Can Change the Selling or Earning Strategy
In any day, if you see that your all necessary and good expenses are more than your income, you can change the strategy of your sale or earning.
For example, in next day, you decrease the price for boost the sale.
Next day, you can start offer something free for more sale.
Next day, you can increase the price with better and advance service with the product.
All will be possible if you will make your daily income and expenses account
3rd Secret : You will More Focus to Pay on the Time to Avoid Penalties
There are many people in the world, who did not maintain their minimum monthly bank balance and bank earns millions of $ just in the form of penalties. Every service providers like electricity department or even Internet department or insurance department, they got also money from lazy people in the form of penalties. I know you love your money. But you love to give penalty and then you always cry of less money and financial stress. If you regular make the personal income and expenses account daily, you can easily aware to pay bills on the time and avoid the penalties if you have shown it in daily expenses.
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