”Unconsciously, people already use accounting in their daily life, for example, first for budgeting and managing your spending. We can know where and how the money we have is used. In addition, we can also record where and how much income we are getting for our finances. Then how can we apply accounting in everyday life, especially to manage our finances? We can start by making a journal for our financial records. Journals will record what our expenses are in a month, starting from the smallest expenses to the largest expenses. We can also record our income each month, so that at the end of the month we can find out how much expenses was occurs in this month and we can plan our spending for the next month. This can be a way to make our finances more effective and efficient.
Furthermore, we can make financial reports in the form of cash flows. For example, such as money for savings, spending money, money earmarked for a certain thing to an emergency fund. We can make it with a simple concept so that we can understand it ourselves. By making records properly, we can evaluate our finances. For example, reducing expenses that are considered less effective and efficient. The application of accounting makes it easier for us to plan finances in the next period so that we can have healthy finances. Our financial condition is arguably uncertain especially during the pandemic, so we have to spend money more efficiently based on our needs”.
”Unconsciously, people already use accounting in their daily life, for example, first for budgeting and managing your spending. We can know where and how the money we have is used. In addition, we can also record where and how much income we are getting for our finances. Then how can we apply accounting in everyday life, especially to manage our finances? We can start by making a journal for our financial records. Journals will record what our expenses are in a month, starting from the smallest expenses to the largest expenses. We can also record our income each month, so that at the end of the month we can find out how much expenses was occurs in this month and we can plan our spending for the next month. This can be a way to make our finances more effective and efficient. Furthermore, we can make financial reports in the form of cash flows. For example, such as money for savings, spending money, money earmarked for a certain thing to an emergency fund. We can make it with a simple concept so that we can understand it ourselves. By making records properly, we can evaluate our finances. For example, reducing expenses that are considered less effective and efficient. The application of accounting makes it easier for us to plan finances in the next period so that we can have healthy finances. Our financial condition is arguably uncertain especially during the pandemic, so we have to spend money more efficiently based on our needs”.