Calculated living is a lifestyle in which a person lives by calculating all the expenses and the cost incurred by him and other people in the household. Calculated living is usually found in low or middle-income households as they record each of their living expense from electricity consumption to food bills to daily travel costs to paying medical bills. These expenses are then put up in an Excel sheet or in a book where monthly expenses are calculated and analyzed on what habits need to be taken further and which habits need to be left behind for the successful living.
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A calculated lifestyle is easier said than done. Just imagine how much milk has to be taken out of the fridge on a daily basis so that the family members get their tea or coffee on time. How many dishes have to be prepared and which vegetables have to be used in a particular week, all these calculations only an experienced chef can make out. Thus, calculated living comes with its own challenges and even advantages.
Anil Ambani has no money to meet his expenses
No doubt you would save enough amount of money on your groceries, food, vegetables, fruits, home accessories, technological devices, bills of electricity, internet, etc. if you fix a particular time for each activity and how much you would be using the stuff. However, savings shouldn’t be at the cost of living good and upgrading your living standards from basic to better ones.
Medical bills are something that panics any common man due to the various problems that arise when one falls sick. One has to keep timely visits with their doctors and also keep taking medicines on a regular basis. If one cuts down on unwanted and immaterial expenses, he can save enough money for his healthcare, spirituality, hobbies, and home.
One example of calculated living is shared below. When Arya was completing his graduation, his father advised him to take up a job as he can’t make up for his party and lifestyle expenses. When Arya asked his dad why the sudden change in financial decisions, his father shared that due to declining health, he feels like quitting his job and staying back at home. This may mean that Arya would have to start supporting his family financially.
Arya willingly accepted the responsibility but he asked his dad to start recording the everyday expenses so that he would be aware of how much he would require for the month to dedicate to the home alone. Arya’s dad realized that Arya has grown up to be a responsible person. He kept headers under which his dad recorded the daily and monthly expenses. Electricity, Mobile, Internet, Medical Insurance, Medical Bills, Cable, Gas, Grocery, Vegetables, Fruits, Milk, House rent, among others.
Over a period of three months, Arya realized that he should not be taking up a job that pays less than the expenses that he is incurring for his lifestyle and even his home. So, he decided to take up a better job to support his living needs and his family financially. In this way, Arya’s calculated living excel sheet helped him decide on his financial goals in life.
