Confusion on monthly expenses
I am confused on managing some transactions in my salary account. So, here is the scenario,
- 1st of the month salary gets credited. Investment amount is immediatly taken out.
- 20th of the month credit card bill gets generated. Last date to pay is 9th of the next month.
- Yearly and monthly expenses happen on my credit card.
- Some EMI are paid from credit card.
- UPI transaction happen from this bank account.
- EMI gets debited from this bank account on the 5th every month
You see the amount of things happening in this account. I am not looking to get another savings account or to change my credit card billing cycle.
>> How do I track what has been my monthly expense?
Confusion is I pay a different amount on credit card which records both monthly and yearly expenses, for transaction from 20th of previous month to 20th of this month. And my expected expenses for the month is from 1st of current month to 1st of next month. All my calculations go for a toss. There isn't an actual number that tells me how much I saved/how much is left for this month. The amount left could have to be paid in the next credit card billing cycle.
Is there a better way to the above scenario, to be in check?