> I now focus my efforts on income expansion rather than cost control. This becomes all the more important when the real rate of inflation is in double digits.

> I now focus my efforts on income expansion rather than cost control. This becomes all the more important when the real rate of inflation is in double digits. (Sounds unbelievable, it's not in certain economies.) Unfortunately, the recurring expenses do not form even half of the total expenses. While it might not seem worthwhile to keep personal accounts, a cumulative view of the spends over an entire year does present useful insights.