Budgets vs Expenses

One of my many attempts to better myself is to start taking charge of my daily expenses. Today the 25 is a significant day as it would be my salary day next month once i start work. Hence, it also the day we should review our expenditure for the month. And with encouragement from my father and my wife, I have took iniative to write down what I spend on and below is the result. I always ponder why cant i save money. I was educated in accounting and finance. And brought up in a family where money is hard earned and should be well saved. And yet and i do not hold all these values. In fact i have to admit im the total opposite. I am foolish and spending money i dont have. And hopefully this would be another step to a better me.

 To be honest, I am not really proud of my current financial standing but given the fact that most of the expenses are not expected before hand, I am surprised that I could actually control my expenses on necessities such as food and transportation which is key to survival. Expenses uncalled for was the cost of obtaining my visa. Other large expenses were the purchase of tv and fridge but I reckon that this 2 are definetely needed and this are one time off expenses. The other costs were the hospital expenses for my expecting wife which yet is unavoidable.

In summary, this month should be a good month if is not due to the one time off payments.  I started off with 40506 baht after conversion. This budget only took consideration of rental deposits and Food & Transportation. Unavoidable expenses were pouch medical fees and visa application which sums up to 16959 baht. In the end,Total expenses went up to 56215 baht.

But based on my calculations, I shall require additional 30000 baht for the months of May. The May budget is as follows:

Calculation of food is based on average from the month of april expenses.
Calculation of transportation is based on 70 baht 2 way for train to work. And remainding for other form of travel.
Rental is 5500 to be paid 1st of every month together with utilities.
Utilities such as electricity and water are based on estimates.
Telephone is based on usage in the month of April.

To be honest, this is really a good way. And next month will be a great month! Gambatee!