Financial lessons learned

Here are lessons learned from my gained financial discipline all over the previous couple of months.
- Reducing the cash withdrawing and keeping the bulk of money as long as possible in the bank. This by itself is helpful in knowing the financial situation and reduce the risk of possessing cash and utilizing the banking fees in a more efficient ways.
- Increasing the dependency on the debit and credit card and particularly the debit card to capture expenses data and to reduce the budgeting time.
- Ceiling my monthly expenses by firstly determining expenses threshold and the target savings within the whole capital investment plan.
- Analyze the monthly budget by charting the expenses vs savings vs investments.
- Adding the total asset in monthly bases in the budget to check how the budget is affecting the total wealth.
- Adjusting the starting balance in the beginning of the year in the budget.
- Linking directly the budget to the bank statement spreadsheet and the asset spreadsheet.
- Leverage the spendings in more valuable and profitable stuff which justifies the value for money.
- Setting objectives for the expenses vs savings vs investments.
- Increase the intellectual and productive content in the expenses items against the consumables like outings, and phone bills.
- Improve the intelligent and wise spendings on more profitable items and personal development items and products rather than the consumables like buying books instead of going to restaurant or cinema or buying useful gadget instead of some shopping items.
- Expenses optimization and smart spendings objectives.
- apply Lean 6 Sigma in achieving some tasks by the better resources planning as cost reduction method.



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