What Are Household Expenses?

Family bookkeeping is also a science and must be done in a scientific way to be effective. The principle of family bookkeeping is similar to that of enterprise bookkeeping. There are two basic elements. One is the sub-account. The concept of an account is required. The sub-account can be by member, bank, or cash. , To separate accounts. The second is the classification. The income and expenditure must be classified. The classification must be scientific, reasonable, precise and concise. The classification is equivalent to the subjects in accounting.

Family accounting

Right!

Family bookkeeping is also a science and must be done in a scientific way to be effective. The principle of family bookkeeping is similar to that of enterprise bookkeeping. There are two basic elements. One is the sub-account. The concept of an account is required. The sub-account can be by member, bank, or cash. , To separate accounts. The second is the classification. The income and expenditure must be classified. The classification must be scientific, reasonable, precise and concise. The classification is equivalent to the subjects in accounting.

Chinese name

Family accounting

Basic elements 1

Branch account

Basic elements 2

Category

Features

Must be done scientifically

To persist in bookkeeping, one is to reduce the workload of bookkeeping, the other is to reduce the boringness of bookkeeping, and the third is to show results.

Pay attention to the timely, continuous and accurate family accounting

Timely is to ensure the timeliness of bookkeeping operations. The timeliness of bookkeeping is that it is best to perform bookkeeping in a timely manner after receipts and expenditures occur. The benefits are: It will not be missed, because over time, it is likely that you will forget this income and expenditure. Even if you can think of it, it will easily cause errors such as the amount, which is not good for the accuracy of bookkeeping. Accounts that are sensitive to certain balances, such as credit card accounts and accounts entrusted with bank payments, can ensure real-time monitoring of account balances, such as overdraft amounts, by using timely accounting. If you find your account overdraft or insufficient balance, you can deal with it in time to reduce unnecessary

Household expenses

The daily expenditure account is the first and most critical one in family finance. Pay attention to dividing income and expenditure to distinguish which specific account it flows into or out of. Break down the comprehensive income and expenditure matters. For example, a expenditure is divided into living expenses, leisure and interest expenses. In this way, you can easily check the account balance, and statistically summarize and analyze the different accounts, to clearly understand the detailed status of the family's detailed fund flow.

Generally speaking, the daily income and expenditure of a family can be coordinated with the following accounts: cash shared by families (backup funds), cash held by various family members,

Family bookkeeping increases sensitivity to personal finances and improves financial management

Bookkeeping is the foundation of family financial management.

1 Collecting documents

Centralizing vouchers and documents is the first task of bookkeeping. Ordinary consumption should develop the habit of obtaining invoices. On weekdays, purchase receipts, invoices, loan receipts, bank withholding documents, credit card signing statements, bank credit card statements, deposits, and withdrawal documents are all kept in a fixed place. On the collected invoices, clearly record the items such as consumption time, amount, and product name. If the document does not identify the product name, it is best to add it immediately. After all the vouchers are collected, they are classified according to the nature of consumption, and each item is arranged in order of date to facilitate future statistics.

2 Refined classification of income and expenditure

The second step in family bookkeeping is also the biggest doorway in personal bookkeeping, which is to classify monthly income and expenditure. Some people who have just started a family or just started to keep track of their accounts don't know what to keep in mind, while others are not classified. Keeping such accounts is of little use. To make the family's income and expenses clear at a glance and easy to analyze, you need to keep separate accounts.

Generally speaking, in family bookkeeping, income should be divided into: wages (including the basic salary of the whole family, various subsidies, etc.), which generally refers to fixed income; bonuses, this income generally varies greatly within the family ; Interest and investment income (interests on household due deposits, dividends, fund dividends, stock trading income, etc.); other, this is a small amount of accidental income, such as draft fees, competition rewards, etc.

Expenses may also have four detailed items: living expenses (including daily expenses such as family's firewood, oil and salt, housing costs, utilities, telephone costs, etc.); clothing (family purchase of clothing or fabric and processing costs); savings (revenue balance The part used to increase deposits, purchase funds, stocks). Other (reflecting less necessary, less frequent consumption in family life, etc.). Various families can also make corresponding adjustments to the project according to their "family conditions", such as adding "medical expenses", supporting parents, and "intelligent investment".

3 Financial analysis and budget

The last step in family bookkeeping is to analyze the monthly income and expenditure situation and formulate the expenditure budget for the next month. Expenditure budgets can basically be divided into controllable budgets and uncontrollable budgets, such as rents, utility costs, and mortgage interest are all uncontrollable budgets. The monthly expenses for household, communication and transportation are controllable. Planning these controllable expenditures is the key to controlling expenditures. The budget can also predict the size of idle funds. When investing, such as stocks, funds, and government bonds, it is easy to determine the total amount of purchases, and to ensure that the funds invested will not be drawn because of the need to pay living expenses, which will damage the yield.