How to use your 2019 Ledger

The Ledger 2019

The Ledger 2019 is coming. Pre-order yours here for P550*


In a year, we have several big-ticket expenses that recur monthly or quarterly. Examples of these are rent, utilities like phone, internet and electricity bills, insurance payments, credit card bills, tuition, and the like. Granted our busy lives, it is easy to lose track of several due dates, and more often than not, missing payment deadlines often lead to penalties.
This is where The Ledger delivers its full value. Meant to be an uncluttered view of major financial commitments, The Ledger is not meant to be a day-to-day expense tracker, but a tool to map out major disbursements, which would then help ensure that there are enough funds to cover them. Nothing is quite as rattling as forgetting a major insurance payment, whereas failing to pay a credit card before its due date is a surefire way of racking up additional financial charges due to interest.
Here is a rundown of the Ledger 2019’s major portions and how to best use them.

The initial pages
The Ledger’s opening pages are meant to serve as handy reference pages for the entire year. 
The Accounts page is meant to hold basic details about your most commonly used bank accounts. In this day and age of online banking, swapping bank account numbers to make and receive payments is already commonplace. Instead of asking the bank teller, or writing your bank account number behind random receipts or in stray pieces of scratch paper, might as well have a dedicated place for these details that you can come back to time and again. What better place to do this than your Ledger?  
The Cards page, on the other hand, is not meant to contain your full credit card number. Listing it down in full can pose a problem when you misplace your Ledger. Instead, it serves as your overview about the cut-offs and payment cycles of your credit cards, as well as their credit limits. 
The Payees page is the counterpart of the Accounts page, in that it contains bank details of people you often send money to—for example, your landlord, or a regular supplier, or a parent/relative that you often remit to regularly. It can also contain important account numbers, such as for your internet provider or cell phone telco, or your insurance policy number.
The Other important numbers page can hold other numbers that don’t fall in the other categories—this can be phone numbers/contact information, your bank’s toll-free number, etc. 

A new challenge for 2019: Financial goals
This year, Black Books is including a special section for quarterly financial goals. Maybe you’d like to set aside money for that new bag or gadget, or you’re looking to gather funds for that vacation you have been dreaming about. Maybe you’re thinking about giving an expensive gift to your parent or partner to celebrate a milestone, or maybe you just want to treat yourself for a job well done. 
This new section invites you to take concrete steps toward fulfilling that dream. The Financial Goals page has space for four goals—enough for every quarter, though this is by no means a strict rule. Just fill in the blanks for every target:
  • Name your goal. For example: Dream Japan vacation.
  • Set the duration for this goal. For example: Person A plans to save for her Japan vacation in 6 months. 
  • Determine the total target amount. For example: Person A will spend P50,000 for her Japan vacation.
  • Given the duration of the goal (6 months) and the total target amount (P50,000), Person A must save P8,333 per month. This is her Monthly Target.   
  • The Notes section is there for miscellany. In Person A's case, maybe her itinerary.
  • Start and end dates: When will Person A start saving? If she decides to start saving in February, then she will finish by August. 
  • Status: Once Person A finishes her trip, she can check this box with gusto. 


Improved monthly pages
We listened to feedback and we streamlined the monthly pages to contain only the basics: A revamped, more spacious Monthly Calendar, additional Notes spaces for the Cards and Balances pages and the Agenda page.

The monthly Cards page is meant to track amount due and due dates, while the monthly Balances page is meant to keep tabs on the user’s key savings and checking accounts and their respective balances. This ensures that the accounts do not go below their minimum required balances, and will not be incurring deductions. Tracking amounts due and due dates for credit cards, on the other hand, make sure that the user won’t be incurring additional interest charges for missing a payment deadline.

The Monthly Agenda page
The monthly Agenda page is the heart of The Ledger. It contains all the major expenses, their amounts and their due dates. For users with tight cash flows, plotting when a certain amount is due allows them to plan out which payday round or expected income tranche can cover which major expense. 
Are you ready for 2019? 
There are still a few months left in 2018, and plenty of time to maximize your 2018 Ledger. Are you keeping your expenses in check? Are you being mindful of how you allocate your income so as to stay out of unreasonable debt? One surefire way of creating savings is to spend less than you earn. One thing you can do at this point is to look back on your year so far and evaluate your relationship with your income, your expenses, and your savings. Has it been well? Is there room for improvement? There’s still time left to work on that, so you can end 2018 with healthier finances and start 2019 hopefully with better footing. 
The Ledger 2019 is coming. Pre-order yours here for P550*.
*excludes shipping fees

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