Hello, everyone, and welcome to the finance campus. So we're going to go step by step through this tool. And like I said, I would recommend that you only look at the screen we are presenting in this lesson, rather than looking through everything. If you're curious, of course, you can research just that I don't want you to start worrying or be overwhelmed by this fine. It's actually really, really simple. As long as you watch every video and you go through each lesson before looking at the tool.

So on this lesson, we're looking at the first view, which is expenses. It's a very straightforward view, really, because all this is saying is it's categorizing your expenses as we said on the video, so I've just put those as the main ones that I could think of Feel free to add some you still have here. What is it about 11 Yet 10 additional rows, and feel free also to rename those Yeah, you really, really free to make this as relevant for you as you want. So you choose your categories and remember to be as granular as possible. And then here, what you do is you put your monthly estimates of what the expense is for that category. So for example, the rent is 459 in that example, and the min and the max are the same because this is an exact amount that I pay each month.

So I don't need to put a range. But when it comes to transport or say grocery shopping, here, I'm putting your range between 350 and 400. Because it will vary. So here you're just allowing you yourself a little bit of flexibility, a range so that you pretty much fall under your estimates. And when you're done with all your categories, you've put all the means all the max here automatically, it's gonna calculate for you your total per month. So you can see here that my expenses per month are between 1200 12 and 1300 72.

That is, number one expenses and on the next video we're going to look at invisible costs.