As soon as you started to invest you might probably not think that this game may be a serious business. WE are not sure, of course, that this is a serious game for you now, and if you just enjoy the playing, this serious approach won't be interesting for you. However, everyone may find something useful in our articles, so even if you are not going to bother yourself with staining the papers, we advice you just to enlarge your outlook. :)
At first, let's define the notions that we will be use on casual and amateur level. At first, the budget is an amount of money, which you are going to spend in a definite period of time for definite purposes. Everyone has his own goals – to buy roller skates or to play over. Yes, this may also be an item of your budget.
Calculating the money in your budget, you may mean the money you already have, as well as those that you will earn. For instance, if you know that you will receive 5 grands from somewhere, and you always receive this money, i.e. this is a real event but not your dream – it may also be taken stock of, as the sum that can be spent. For instance, salary.
The main items in your budget (or plan) will be revenue and expenses. Expenses are minuses and revenue is pluses, i.e. the money that come to your account, respectively. Profit is the result which appears when you distract expenses from revenue. However, this will be loss, rather than a profit. :) Then you may just use the term "clear profit".
The first step of our casual book-keeping for newbie is done. How would I do it. At first, I'd define the sum of my budget. Let it be $1000 for a month. I expect to receive a transfer of $100 from my aunt in the middle of the month. I know that I have to pay out $300 credit. In general, it concerns casual expenses, but after calculating them I single out a sum that I could spend for HYIP. I do it all, of course, on the sheet of paper with columns and pictures, but PC will go as well (without pictures).
I singled out $500 for my HYIP. Excellent. I put on this sum on the top and decided to think over where and what I would do. At first, it's necessary to take into account that such thoughts don't appear when you have just one figure on the top of your sheet. Usually all is decided in your head, because this guide is most useful for those investors who follow the plans and strategies, i.e. know their mind. Let's not get further. Thus, you plan (or just put in your budget) where and how you will spend your money. The main items.
I write the following: $100 betting, $150 – some program with low interests, $40 for doublers etc… it's possible to put down when you will invest the money. For not wasting it all at once. :) I always leave $50 of reserve fund. If all is ok, I'll have a profit, but if not, I may try again.
Thus, what we have. At first, the sum that we may spend. At the second, a detailed plan, the third – action strategy, which, if we don't get beyond its limits, will help us to know by the end of the month if we lose $500 and not more or if we may move somewhere.
The last issue is very important. If you are indifferent where you're going to, of course, it's not important. :) But if you really invest, you'll be interested to know how much money you earned two months ago or a year ago! Fancy, how interesting it will be to compare and learn some lessons! So don't delay. Make such document and put down all necessary data in it. :)
The month started. You invested the money where you wanted and immediately noted these transactions in your book-keeping document. You should do it so: the date, where you transferred, where you transferred from, the sum, batch and the purpose (for instance, deposit in some program or "additional deposit").
In general, here you may repeat all the data that you may find on the history of your transactions on e-gold. Say you've never used it or never needed it! It's necessary! Fancy how useful will be to have such document at hand.
In principle, transactions may be noted separately. However, it's possible to mark them in common list, put down the sum, but put it down either in revenue item or expenses item. If you have transferred the money, mark it in expenses item. If you have received it, put them down in revenue item.
Thus all your transactions will be noted in one place but you'll be able to calculate separately your revenue, expenses and profit at the bottom of the table. You will see how much you lost, how much you paid for currency exchange, or transfers, or charges. This is important when you care about each cent and care about your well-being.
It depends upon you how detailed the table will be. It will be so detailed and thought-out , structured and detailed as you will do it. Fancy that this is your purse, where you need to make pockets, make strict parallels and settle everything down. You are alone you're your imagination and you may do anything you want. The main thing is that the figures should agree.
Checking the figures is the main precept of a book-keeper, and you have to learn it as well, and - all the best! Good luck.;) Share your experience, dear sirs.
