Many people assume that effective money management means scrounging, saving, and never enjoying life. You might also have smaller, more short-term goals, like saving for your dream wedding or buying a luxury car. Smart money management can help you achieve those objectives. You likely have some financial goals in your life, whether it’s improving your net worth, paying off your college student loans, or achieving FIRE (financial independence, retire early). But without planning for expenses, a big income can lead to big debt. But it doesn’t have to be! I spoke with a couple in episode 114 of my podcast who overspent on holidays because their earnings combined were a lot. The entire point of these tools is to simplify money management so you can think about your money less, not more.įor many people, budgeting and planning for big expenses like vacations are a struggle. Simplified spreadsheets help develop your plan, and budgeting apps, like those that automate expense tracking, help you stick to it. Finally, you need to stick to your plan.īudgeting spreadsheets and tools are great resources for creating a conscious spending plan. You then need to decide how much money to allocate to each bucket. You need to start with a bullet-proof budget, categorizing all of your expenses into one of these four buckets: fixed costs, investments, savings, and guilt-free spending. Checked By: Enter the name of the employee who checked each inventory item’s quantity, condition, and other relevant details.Conscious spending is a great way to enjoy life while still building a financially secure future.Counted By: Enter the name of the employee who counted each individual inventory item.Stock Location: Enter stock-location details for each inventory item.Item Status: Specify whether each item is available or has been discontinued.Item Reorder Quantity: Enter the quantity to be reordered for each item.Days per Reorder: Enter the days between order and receipt for each vendor and item.Total Inventory Value: Check to ensure that your inventory’s total value is correct by adding together the total value of all items.Total Value: Check to ensure that each inventory item’s total value is correct by multiplying item quantity and cost per item.Cost per Item: Enter the cost per item for each inventory item.Stock Quantity: Enter the in-stock number for each item.Vendor: Enter vendor contact details, item number, and unit information for each item.Date of Last Order: Enter the specific date of each item’s most recent order.Description: Enter a brief description of the item.Item Name: Enter a name for each inventory item.Item Number: Enter a unique number for each item in your inventory.Reorder: Enter reorder details, including an item’s auto-fill threshold and whether the item is currently on order. A Google Sheets inventory template can help alert you when inventory items need to be reordered and keep your inventory proactively stocked.Ī Google Sheets inventory template typically includes the following details for managing and tracking your inventory: Whatever your role in inventory management, you know how critical it is to have accurate data and keep sufficient stock on hand. It also helps you track costs per item, stock quantities, and reorder levels, and calculates total inventory value.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |