How to Create a Useful Expense List

"Where did my money go?" Doesn't the question sound familiar? Someone received a big sum from a long lost uncle. After a time, he desperately asked, "Gosh, where did that money go?"

Bookkeeping isn't just for accountants. It is for everyone who handles money. That means you and me, as well as every home or project outside of home.
Image Credits: "Bookkeeping" by o5com

The truth is, we all ask the question. How much salary have we received last year? Where have we spent all those money? When I was single, I recorded every expense I could record for three straight years, thanks to a simple system that I used in Excel.