"Money is a verifiable record generally accepted as payment for goods & services". This is the actual synonym for Money. But when was this medium of exchange started & by who? This is an never ending question...isn't it?
Well, no one has an answer to this. But researchers believe that metal objects were initially used for the exchange of goods & later coins were invented. Whatever it is, a dollar note has more value in a human life. It can bring happiness, buy things, share love, explore the world, etc.
Organising the hard earned money and recording the daily expenses daily is a crucial test.
Daily expenses are the expenses which includes groceries, transport, medicines, entertainment, household, etc. To find out how much a person needs after retiring can be examined on how much a person spends as a worker.
Some of the expenses in our day to day life are
• Household expenses
• Travel expenses
• Stationary expenses
• Medical expenses
• Entertainment expenses
Household expenses represent general living expenses, it includes the amount which spent for lodging, food consumed within the home & most importantly groceries that is bought daily. The sum of all the expenses is then divided by the number of family members residing in the house in order to find each member’s part of total expenses.
Travelling expenses are those expenses which have been paid for moving from one place to another for any specific purpose. It can be both personal and official.
It is nothing but, a day to day expense for the educational needs of children or office use etc.,
The most important expense that steadily increase in need and cost of medicine for health. An old age person typically requires more visits to doctor and more prescription medication.
It’s the expense which is spent for theatre show, playing games, gambling, horse riding, party cost, restaurant etc…
Having said that, the basic ingredient to balance life is Money. No matter who invented or when was it invented, still money has its own special value in our daily lives. But it would literally make no sense when the expense calculations are left unattended. To make it easier, we the NumReceipt Team have an application ready to track all the daily expenses and keep your finances under control. Sounds great, isn't it? The app looks great too..
Visit www.numreceipt.com for more information!!!
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