Step five, the monthly reviews. So hold on, I know that these you may look scary, but it's actually like one of those mixed tables that DJs use. Yeah, it looks like there are a million buttons in there. But if you look in detail, actually all the buttons are pretty much doing the same thing as the same year. So let's have a look in detail. This table is extracting from the previous sections, the information that you've keyed in.

So you have nothing to do on this left part. Yeah, make sure you don't touch it because it's automatically extracted. If you need to change a category, you're free to do so. But come back to step one. For example, if you want to change, rent and call it differently, you go back to step one, and you call it housing. As an example, when I go to my monthly reviews, it's going to be updated.

So make sure that on the monthly reviews use you stick with what is in there. So you have your monthly expenses. You have your invisible costs, and you have your revenues. So everything is just recapped here and you even have your bottom line figure, nice summary view that you can use. But that's not the point of step five. Step five, is the place where I encourage you and invite you to go at the end of each month.

Yeah. And at the end of each month, you can hear on month x, say that you start next month, and it will be month number one, and take your bank statement next to you, and do the math and look at the reality of your expenses and your revenues compared with your plan. So this is really a moment of truth where you're going to see if your finance compass is actually accurate. If it's not, don't worry, just go into your revenues, invisible costs or expenses views and change your ranges. Yeah, the point is, you want this to be as accurate as possible so that you really know how much you can say So let's take a real case example at the end of the month. And so I've paid my rent.

So that was 459 as usual, and it transports I will just sum up all the times I've bought train tickets or bus tickets. So I'll just put equal, and I will say it was 15 plus 17 plus 30. Plus there was a taxi of eight. And that's it. Oh, I'm at 70, which is right at the bottom of my range, grocery shopping. So I look at my bank statement and he tells me that I spent 112 plus 47.

And I also had one at 32 and another one at 200. Okay, 391, etc, etc. I think you get the point. So remember, all you need to do is put an equal sign, and then put your numbers and a plus and another number. And plus, and when you're done, press enter and it will calculate. Now here I've put my expenses.

It's just for the sake of it, and also my revenue. So this time my monthly salary was on the bottom of the range. I had no annual bonus and no occasional revenue this month. Yeah. And now look at this, this is telling me that actually, I am able to save this month 412 and on the next video, we will see how this is being updated on your savings plan.