Originally posted on Facebook - 2018-12-028-001 Cash Based Budgets and Action Lists

For those who are working with Cash Based Budgets and Action Lists, here is my approach to this concept using the reverse method as I would call it:

1 Analyse the amounts which are to be disbursed in each category of expenditure, according to denomination and with a total for each line. Total, 100's 20's 10's, 5's, 1's. (Some persons may need cheques)

2 Insert subtotals at intervals. This allows me to see where I am, as compared to where I think I should be. Thus, if I am listing amounts by activity, then some items which may be listed by date due, may be grouped together so that the activities can be done together, such as
I) Cash a cheque
II) Pay cc
III) ...

3 "Saving" aka Store funds temporarily - UTC: Bill, Transport,

4 Keep a small float and reduce the time spent in obtaining small amounts of cash.
In this category, cash is maintained in small amounts and is intended to last a work week or six (6) days or for an activity which may occur during the week, e.g. Electricity bill contribution, house contribution.

Note that amounts which may be small in value although they are not listed above are intended to build some practical skills with respect to math calculations.

Now, if my debt repayment is being met, as outlined in my proposal, what are the chances that I can get a Tax Saving Plan at some point in time?

Also, whether I should contribute more at some point in time, is up for debate as I may not be able to meet the full costs of these expenses should I continue reporting at this level of income.

However, the Excel spreadsheet which I was trying to insert, has not appeared as I would like it to, so I will try to paste it in the comment field if anyone is interested in using a spreadsheet to try out their skills and see how the figures compare to the hand written ones.