📅 2023-12-25 — Session: Developed Excel-based Personal Finance System

🕒 08:05–08:25
🏷️ Labels: Excel, Finanzas, Contabilidad, Deudas, Gastos
📂 Project: Business
⭐ Priority: MEDIUM

Session Goal: The goal of this session was to develop a comprehensive system for managing personal and family finances using Excel.

Key Activities:

  • Proposed a structured system to organize and classify financial transactions among family members, including categorization of expenses and income, creation of accounts, and debt distribution.
  • Presented a detailed summary of personal debts and expenses, highlighting total taxes, payments made by cousins, and net personal expenses.
  • Designed a detailed Excel template to organize financial information, including sheets for a general summary and specific expense details for each involved entity.
  • Provided instructions for structuring a spreadsheet to monitor monthly income, expenses, and debts, particularly in variable cash flow contexts like rent.
  • Described recommended columns for an Excel spreadsheet aimed at tracking personal and family finances.
  • Offered a formula for calculating personal accumulated balance, considering total income, personal expenses, and debts owed by family members.

Achievements:

  • Developed a structured approach for managing and tracking personal and family financial transactions effectively using Excel.

Pending Tasks:

  • Implement the proposed Excel templates and formulas in actual financial tracking scenarios to validate and refine the system.