How is my Monthly Balance calculated?

Have you already answered to yourself If you are spending more than you earn? Or do you want to know If this month went into the red and you don't know when your spending exceeded? If the answer is yes, you can stay calm, we have already thought of something that will help you better understand the relationship between the money you earn and what you spend. The Monthly Balance was created to help you with this.

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As explained in the title, this calculation is summarized in values ​​per month. The monthly balance is one of the easiest calculations to understand, it is calculated with the following formula:

Monthly Balance =  Incomes of the month -  Expenses of the month

The expenses and incomes considered in this balance sheet may be paid/received or pending.

Attention!

The final balance of one month prior to the current one is not taken into account in the monthly balance. This final balance for the past month is taken into account when calculating your current balance.

Maintaining balance in your finances is critical to the success of your financial control. With this Mobills tool it will be much easier, right? 😉👍