Welcome back. We're now on the step two of the finance compass, which is your invisible costs. So this will look quite different from your monthly expenses simply because these invisible costs might not be monthly. So what you will find in this file and in this view is still your categories. And like I said, on section one, feel free to update this based on your needs. You still have your estimates, but this time, notice that it's not your monthly estimates.

It's simply the estimate. And then you just have here to update the frequency. Some things Say for example, electricity for myself, is something I pay three times a year. So here I'm just putting how much it is for the one bill I receive three times a year and the tool will then spread this per month automatically for me There are some expenses, my income tax that I pay once a year. And there are things like gym membership or banking fees that I pay, actually each month. So here I've put back 12 reason why I didn't put them necessarily on expenses is because this is something that I may not think of.

Yeah, so these invisible costs are things we don't see or think about directly when I asked you, what do you spend on a monthly basis, but think about all the fees and all the hidden costs, like I said in the video. So remember here, what's really important is to put the right frequency so that this is then spread per month. And then so this part here on columns, F and j are done automatically. And once again, it will calculate for you automatically your total per month. So put your invisible costs categories mean max frequency and the rest is done with ematic Lee. Okay, we've done now all expenses.