I built a monthly budget & expense tracker in Google Sheets this week.

Here's a breakdown of how it works and a free template you can use: 📊

First things first:

There are about 1,000,000 different ways you can budget your money.

But if you're looking for a financial advisor, that ain't me.

I'm just sharing a simple template that anyone can use to get started.

(Link at the end)

Wanna know how it works?

Read on:👇🏻

Step 1: Setup

We'll start by creating our framework.

Put simply:

• What do we want to track?
• How often?

I prefer to track finances on a monthly basis.

Begin by renaming one tab (or worksheet) within your doc & creating another.

Tab 1 - "YTD Dashboard"
Tab 2 - "January"

Step 2: What to track?

For the sake of time & simplicity, I've gone ahead & populated January with a few sample ideas:

• High-level categories: Income, Savings, & Expenses.

• Subitems below each:

Income → Salary
Housing → Lawn Care
Utilities → Electric

And so on...

Step 3: Basic Formatting

I like things to be formatted in a similar manner across sheets.

A few quick rules of thumb I've used here:

• Headings: Merge + Center, ⬆ Font, Bold
• Sheet Gridlines: Turned off
• Subitems: Heavy borders
• Totals: ⬆ Font, Bold

For example:

Intraday Strangle Option Selling Strategy
"Smart Option Selling "

🧵 THREAD [MUST READ ] 🧵

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How to 𝗯𝘂𝗶𝗹𝗱/𝗯𝗮𝗰𝗸𝘁𝗲𝘀𝘁 a strategy ?
🔸 Idea/Hypothesis
🔸 Specify entry,exit, SL
🔸 Position Sizing and Risk Mgt.
🔸 Trade log and Backtest Report
🔸 Test in diff. market conditions
🔸 Optimise the strategy
🔸 Track Real Time
🔸 performance Deploy
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What is Closest Premium Range ?
Closest Premium is a strategy where we select options not based on strikes like ( ATM , OTM 100 OTM 200 etc) but rather based on premium values like 200 , 300 etc
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🔸 If select Closest Premium near 100 then this will be approx 600-700 points OTM on Friday ,300 Points Otm on Wednesday but Atm on Expiry day

🔸 So This is good for capturing decay on other days as we are selecting far away options and coming near Atm on Expiry
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𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝟭:  𝟵:𝟯𝟬 𝗔𝗺 𝟮𝟬𝟬 𝗖𝗣𝗥🔸 Time :  9:30 AM
🔸 Instrument : Banknifty
🔸 Strike : Nearest to 200 Rs be it any Strike price
🔸 Stoploss : 40% Per leg, SL move to Cost
🔸 Exit : 3:00pm or Stoploss
🔸 Days :Everday except thursday
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