Welcome to Hit New Heights Success Academy Podcast, for Business tips, Inspirations and steps to build a better lifestyle..
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Today podacast is about daily household accounting!! I will explain more about accounting in other podcasts relating to business.. When it comes to household accounting we have to consider these aspects: Income Vs Bills and Expenses.. In order to find out how much disposal income we have, we need to know ensure we have more money coming then going out. here is how we can find out and make it easier for us to manage. Income – Bills – Expenses = Disposal Income In order to have more disposal income we need to minimise expenses such as take aways, Sky/Cable, unnecessary gadgets i.e. technology etc. Having these as regular expenses without being accounted for can actual minimise your disposal income for savings or investments, and can set you back from doing the things you enjoy such as your hobbies or even going out every weekend to socialise, we will speak about this on another podcast.