Benefits of Making Individual Source and Use of Fund Statement

First of all, tell me did you listen individual source and use of fund statement. It means, each earning's different source and fund statement instead collective source and use of fund statement. This is great statement. If you have listened its benefit. You will start to make it from today and grow your personal finance.

1st Benefit : To Find the Saving and Consumption Ratio

It means, if you earn any income from any resource, it is only for use of your saving and consumption. If you will make the individual source and use of fund statement, you can track the % of saving and % of consumption.

 Remember : consumption will never reproduce the income if same source will die. 

If you see the consumption is 90% and saving is only 10%. This is normal but it can not say Good. Because you can not grow extra-ordinary. Try to understand the benefits of budget because if you had the budget, you can save easily 50% + of every income. 

2nd Benefit : To Track Where You Have the Consumed Money 

It is also important. If you have made this, you have to write where did you use this fund. I have earned online $ 100 income and I consumed $ 90 on its expenses. It means, only $ 10 is my real income.

Now, it will help me to track whether will $ 90 benefits long time or short time. If it is same time and it means, source of fund is not good which is just producing low fund and consuming its total fund to survive it. It is best time to stop it because it will kill your productivity. Best source is the source which consume less and earn enough.

Let me explain

You just your kitchen garden and on the time, you have added the plant of your wheat and 6 month, you did not care and give water. Raining is good and you get reward of good source of fund by selling it and its cost is just 10% . So, you have to focus on such action which give big source and low use of fund on it instead use of fund enjoy your own desires of life.

3rd Benefit : Compare Time Invested and Net Balance of Excess of source over Use of Fund 

Yes, if you will make this statement, you can find how much time did you give on it and how much get the source and how much spend on it to survive this source.

For example :

I invested my 30 Days full time for getting the source of fund

I got $ 100

I spend $ 95 for survive it for next month.

You are so fool because you net excess is just $ 5

Stop it and go to labour place to do labour instead doing this loss making business.

Search other business model or do what you love if you want to success. For example, I am writing because I love it to write and I am teaching these benefits to myself. 






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Accounting Education: Benefits of Making Individual Source and Use of Fund Statement
Benefits of Making Individual Source and Use of Fund Statement
Accounting Education
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