First look at the bar that has only risen for a month
If you look at your monthly expenses side by side, you will see a graph where one month is particularly high. When you open it to see what you spent that month, it is often the month you paid for the annual subscription.
Costs didn't just increase that month. The tool is all 12 months I am writing.
This will be revealed when you make your budget for next month.
If you budget for next month based on the rising month, you end up with money you don't even need to spend. On the other hand, if you base it on the following month, the entire annual subscription fee will be deducted, which will be insufficient.
There is one space for payment and twelve spaces for usage. This means that no matter which box you choose, it cannot explain the next month.
Split the screen in two
It's not about modifying the table, it's about creating another screen.
| screen | What do you write | Where to write |
|---|---|---|
| cash flow | We leave the record showing that 240,000 won was spent in March. | When comparing with the bankbook |
| Monthly conversion comparison | Enter the total amount divided by the number of months of use. | When comparing how much it costs each month |
Divide 240,000 won by 12 months to get 20,000 won per month. On this screen, the bars for all months are the same height, and you can view them side-by-side with the other subscriptions you pay each month.
The dividing number is not always 12
If you divide a 6-month contract by 12, the monthly amount will be smaller than it actually is. So, in the management table, rather than the amount, Period of useIt is more accurate to write it down first. All you need is the period and total amount, and the monthly conversion amount is immediately available.
Doesn't add two screens
If you add the monthly conversion amount of 20,000 won for 12 months, the original total amount will return to 240,000 won. If you combine the two screens into one table, you will be counting the same money twice.
And the monthly conversion amount is an internal value created to compare operating costs. It does not change the point in time when cash is out, and it is also different from the standard for recognizing expenses for tax purposes. Please check with your tax accountant or tax agent for the values to be used in your report.
I only share one thing today
Just select one annual payment and write down the usage period and total amount. Those two values are all you need to get your monthly conversion, and next month's budget won't be swayed by a single bar.
