DEMO 4 - Bottom line figure

Financial Management 101 BONUS: guided videos on your Finance Compass
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Transcript

Step four, this is actually quite a good step, because you have nothing to do. your bottom line figure is right there. Below you wise, you have correctly filled in steps one, two, and three. So remember, your expenses are all there, you're invisible costs are also spread per month, and your revenues. So when you look at step four here, bottom line figure, it's just gonna consolidate for you and summarize this information. And you can see one line for your monthly expenses, which is the same number as what you can see here on the view one.

And then same applies for you invisible costs 264291. Let's check. That's right. And if we look at our revenues, here's the number and it matches. So you have Just hear a consolidated view very simple that shows in summary your expenses per month. And you can see your monthly expenses, your invisible costs, and you can also see your monthly revenues.

Now, what it's doing on top of this is a simple difference, so that you have your bottom line, bottom line figure, if this number right here is positive, well done. That means that you can actually save money each month and we will look at how and how much later on but here's the number actually Yes, this is it. It's between 272 and 297 per month. And this is the bottom line figure that you can securely save because you've now taken into account all possible expenses, even the visible one. So enjoy

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