If you live independently of your own, and find it difficult to keep track of your daily and monthly income and expenditure, here is a guide to how this can be done easily and effectively, based on personal experience.

What follows is the way I have been maintaining my personal account for a couple of years.

The Book

It is easy to buy small, diary-like booklets with plastic covers that are meant for keeping records and any miscellaneous task. The size is such as to fit in your shirt pocket easily. The pages are lined, without any other formatting. Each of these pages is to be used to record your daily expense, and the book accordingly divided into months. Write down the date on top of the page.

One book can be sufficient to maintain a quarterly account, but that anyway depends on how big it is. At the end of the month in the diary, keep one page as a summary of the month. This is where the monthly calculations will be shown