Day 2: Understanding Income & Expenses

Activity: Track your cash flow by recording all sources of income and expenses from the past month. Understanding where your money comes from and where it goes is crucial for financial control.

Task: Create a basic budget using your recorded income and expenses. Divide expenses into categories such as "Essentials" (rent, bills, groceries) and "Non-Essentials" (dining out, subscriptions).

Journal Tracker: Answer the following:

What did you learn about your spending patterns?

Were there any unexpected expenses that surprised you?

How balanced is your income versus your expenses?

Instructions: Think about areas where you could spend less or earn more. Jot down one area where you feel you could adjust your spending.

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