In order to reach your goal you can operate all types of assets: monetary (e.g. cash, bank & depos), securities (e.g. funds, stocks & bonds) and non-monetary (e.g. real estate, own business), as well as allowing for loans interfering w ith you journey to success.
Each type of assets could be monitored by places of care. By places of care we mean the institutions you placed your funds with for safe keeping or investment.  For each place of care of your assets you can have balances (or their value) displayed at any date. By the balances we mean the actual funds available or the monetary equivalent of any property value. With this there is no need to maintain a routine reporting of all transactions in relation to your revenues and expenses. 

Monetary Assets

Fig 9 – balance
Fig 10 – list of “Depo” items
Fig 11 – “Depo in Bank” history

Cash –  the money you have in hand ready for saving. Under Cash we do not mean your pocket money, nor the money set aside for emergencies. Cash could also be monitored by places of care, if necessary.

Bank  –  the money you keep on your current bank account, accessible at all times or during the time limited by your bank opening hours. In this group we do not include saving or deposit accounts as such accounts normally presume limited access to funds where banks would charge you a penalty for early withdrawals.
 
Depo – balances on your deposit accounts or deposit certificates. Deposits are monitored by contract references and amounts. Neither accrued nor paid interest is accounted for. When interest is received you could add it to your overheads or increase the value of any other asset, for example: bank account.


Securities

Stock – shares you own. Apart from the total value of your Stock you could register a quantity of shares and unit current price. You could re-enter the values at any time.

Bonds – bonds you own. You can register their quantities, prices and values. Future income on retirement of bonds is not being calculated. When the funds are received you could allocate them to overheads or increase value of any other asset.  
Funds, including program 401(k) – total amount accumulated in your pension fund or in other funds managing your finances, if you use their services.

Fig 12 – create new balance record for the stock item

Non-monetary Assets
 Real Estate – immovable property which brings you income. By this we mean objects you are happy to sell at any time in order  to raise financing. Here we cannot be talking of a house or a flat you live in.

Own Business – assessed value of your business. Perhaps, this is the most complex asset from the market value point of view. We recommend recording its value in amount of your investment in the business as any evaluation assessment would have to be based on financial reports of a certain business, where the dividends, alike Securities, would have to be put through your bank account.  

Debts
Your current liabilities might slow down your progress on the way to your goal. The amount of Debts is always deducted from the total assets’ value. They decrease your current balance of Assets and appear in the main menu with a negative sign. In order to register a liability you would have to keep it under a certain reference against which you will enter changes made by each repayment. If you have several loans, each of them could be monitored separately. Neither accrued nor paid interest is accounted for as it would form a part of your Bank or Cash movements.

Historical data illustrating your balance movements could be displayed in absolute figures of as a diagram. You could also form a summary chart for all types of your assets.

Fig 13 – balance history
Fig 14 – diagram of balance history
Fig 15 – summary diagram
Fig 16 – legend of summary diagram

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