Friday, February 11, 2011

Keeping Track of Home Finances

I went to college for Accounting, soon after graduation, I was blessed enough to be hired by a local CPA firm. Where, I spent years learning, how to budget and compile spreadsheets. I truly love using spreadsheets, and I find that now, that I am a "home manager," can I tell you how much I do not like the term housewife. 

Today we are going to talk about creating a monthly balance sheet, only for assets. We will talk later about debts.

I find it useful to make monthly balance sheets, which shows how much we actually changed in our financial position, i.e., how much we saved or spent.

To do this is rather simple, gather all of your bank statements, or log on to find stock prices, at the end of a month. today, I am using January 31, 2011.

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