Highlights of FY 2018-19 in terms of inflow and outflow

This is the first FY review post I am writing since I decided to track finances FY wise.

FY 2018-19 has been amazing from financial learning point of view. Robert Kiyosaki and a few others have completely changed my outlook on finance. I started thinking 'money mindedness' might not be a bad idea as I used to think. A few quick recollections:
1. I started thinking how I can diversify my inflow/earning. Although I have not been able to find any concrete idea, I started experimenting. The investment at Pranjal's agriculture is one such example.
2. Testing out different financial tools is one encouraging thing. First time I tried non-banking FD when I opened a FD with Mahindra & Mahindra Finance for 33 months with an interest rate of 9%.
3. I started heavily on Shares and MFs. Only in Sharekhan I invested INR 1,70,000/- in last FY. For now, the idea is to invest only for long term. I have 3 SIPs running currently (although amounts are smaller).
4. For diversification and tax saving, I invested in FD via Moina (1 Lakh) and Maa (2 lakhs). For various reasons, Maa's FD has not been opened yet. It might be opened in Maa's Canara bank account soon.
5. I put much energy in the lands of Kalitapara, Agia-college, Guwahati and Xonsapori. Until now, no progress has been made. I must have investment in Real Estate.


Now, let's have a look at my performance against the goals I wrote in last year's FY review post.
A. Structural Changes: All DONE.
B. Investment should be 30% of total income - DONE (it is 57.34% with a caveat though)
C. Travel should be 10% of total income - Not DONE (it is 4.05% only)
D. Gift/Help should be 5% of total income - Not DONE (it is 3.36% only)
E. Liquid money should be 25% of total income - DONE (it is only 3.4% with a caveat though)



Now, lets have a look at the tables:

1. The outflow/Expenditure table:

	Upkeep	Food	Personal	Family	Investment	Transport	Travel	Gift	Recreation	Tax	Loan	Total
April	18383	2614	3113	1170	105130	1722	11261	1344	3091	0	101550	249378
May	40639	6950	700	1457	228172	1367	4144	6130	1540	0	14050	305149
June	18902	2902	1589	5890	48192	1426	450	0	6095	46140	12000	143586
July	16260	5084	500	1001	229157	1626	14068	25015	2481	18132	5000	318324
August	16000	5730	1970	2021	36457	720	5762	4619	1252	16422	9170	100123
Sept	16531	2599	5600	2109	20157	1751	17528.76	135	3866	16422	9969	96667.76
Oct	17611.67	2698	1500	22277	177463	3493	3019	7357	1080	16194	1442	254134.7
Nov	16148	3891	732	828	99157	667	7049	280	476	16194	29000	174422
Dec	16215	3485	549	7838	48172	726	4844	4282	1431	16195	0	103737
Jan	14471	1536	633	3433	84657	882	1927	8100	2650	16194	6000	140483
Feb	14471	3154	0	1831	26657	210	8092	8500	320	14947	1500	79682
Mar	15560	2245	530	10123	69457	886	4280	2519	3756	14946	0	124302
Total:	221191.7	42888	17416	59978	1172828	15476	82424.76	68281	28038	191786	189681	2089988
Percentage of total income	10.87%	2.11%	0.86%	2.95%	57.64%	0.76%	4.05%	3.36%	1.38%	9.43%	9.32%	102.71%
* the tax component does not capture the taxes I pay on FDs
* If I don't show the maturity amount in earning, I shouldn't show the reinvested amount in expenditure (under investment)- I must make separate category of rotating money type

2. The Inflow/Income table: 

Salary (includes food coupon) Loan Repay/ Rmbrsmt Savings Account Interest Others Maturity of investment (only interest) Market Total April 0 10923 0 0 0 0 10923 May 32000 6677 38677 June 254672 17000 9184 161158 76 442090 July 135608 52000 457 188065 August 135608 28102 25 16 163751 Sept 135608 7743 9604 676 153631 Oct 131003 35090 51 39038 718 205900 Nov 135836 12350 32 148218 Dec 135835 2000 11653 742 150230 Jan 135836 13000 11505 2825 163166 Feb 166972 2200 4773 174 174119 Mar 143750 34590 12669 5070       196,079 Total- 1510728 246998 43110 161234 61993 10786 2034849 74% 12% 2% 8% 3% 1% 100% *Xomidhan receipts are not included *the total receipt on maturity of investment not included * Does not include the interest on PPF account
Observation & thoughts for next year:
1. Dependency on salary: My income is still concentrated on salary. Although it is 74%, if I show the F&F from NISG under Salary, it would again shoot up. Also, Loan-repay is not exactly income per say. If I consider the two sources- Savings & deposite account interest and market, my non-salaried income is only 5%  of my total income.
2. Other money concept: Some inflow/outflow is confusing when I think from a long term analysis point of view. Eg- the matured amount of an FD, the repaid amount of a loan I extended, exchange happening between cash and card, ATM withdrawn money etc. From next year onward, I have created a separate section called Others to make a mention and track those. The details of this table will not necessarily come in year-end calculation.
3. FD in my accounts: I have decided I will create no further FDs (let's try at least you middle class!). Existing FDs will be rotated. Only the interest component will come into inflow.
4. Heavy tax: I have a huge tax component piled up. Also, liquid money is only increasing. I must do something. An investment in real estate, heavy expenditure in marriage of Moina/mine are the only way forwards.
5. Loan component, NPA etc: I have just observed my loan component is around 10%. The NPA is only INR 300/- for the last FY. However, I must rename this as interest free loan (rather help) as I don't get a penny as interest.
6. Total inflow/outflow comparison: I was trying to do a total inflow vs outflow. However, it is difficult this year as I put FD amount in outflow at 2-3 places, but didn't put the maturity amount in inflow. From FY 2019-20, this would make sense I have introduced the 'Other' section. With an quick uninformed eye, I spent INR55,139 more than I earned last FY.
7. Diversification of investment: I should keep doing this and must also keep track. In next year, I should be able to give different heads under which investment has been made.
8. Overlapping expense heads: Suppose I travel for the book. Should I keep this under Personal or travel? [for now under travel] These questions will keep coming and I must keep finding solutions.
Parting thought: When we do a task without a coherence objective, confusion/frustration do come. Many a times, I think financial analysis is like this. However, you never know how and when you find out the coherence objective. And then, all these pre- activities act as stimulus.
My this observation has come from the recent personal initiative of "Zing Travel Express". All the travels I had undertaken long back, 1-2 photos I took, 1-2 posts/notes I have written suddenly became so much important for me.