Appetite comes with eating is the time-tested truth. A year ago you were as happy as a child to have new jeans, and now a trip to Sweden and a new car cannot make you so happy. All the time it seems that there is not enough money for something important. On the one hand, there is no limit to perfection, and it is good that you have a desire to grow and develop; on the other hand, the money evaporates instantaneously, and you do not control the process. Hence the negative emotions: you are most likely wasting it instead of buying a really valuable thing or putting it into circulation and get more income.
"Money loves to be counted", and this is also true. You will not get the true pleasure of your income, until you learn to control your cash flow, and most importantly, you will not be able to properly allocate and efficiently invest in future projects. To avoid this, get yourself something like a diary. But be prepared: it will require a maximum of discipline.
Control of Income and Expenses
Try to fix all your expenditures and purchases. Thus you will see where your money goes, and how reasonable these investments are. The difference between your income and expenditure is the amount of money you can use as the startup in business. In addition, when tracking your spending, you will understand how you can increase the amount of investment in your business. After a few months the "diary" you will show you the dynamics of your expenses and income. This will allow you to build a longer-term plan for the development of your business.
Control of Future Investments
This is a so to speak digitised business plan. Like we said before, the records of your income and expenses will allow you to plan the business in terms of future profits and investments more accurately. We encourage you to write in detail about how and where you plan to invest, and most importantly, about what you want to get in the end. This section of your diary should be constantly updated for you to see the realised projects and activities. You will be able to compare the expected revenues with real ones, analyse your mistakes and achievements, as well as adjust your business development strategy, as some of the ideas may in fact be quite useless. Be patient, and you will see that after some time you will be able to plan your financial activities with maximum accuracy. This means that you can plan your vacation, major purchases and other pleasant things exactly the same way.
Put Down Your Ideas
This is an experimental section of your diary which in the future will allow you to expand your business or to supplement it with some new directions. Put down all the business ideas, schemes, monitoring, statistics, contacts, etc. you liked...On the basis of this material, as well as the experience gained in respect of financial accounting, you can open new directions in business with minimal risk.
