When having incomes and spending them for the necessaries, it is no need to pay for everything that is so expensive at once, instead learners can pay for them after having enough money. Because of that, it is better to plan for what and when to buy, and how much these things cost.

Learners might have heard of the story that farmers who sell their lands for a lot of money, but in few years they have nothing left and have to loan the other’s lands for living. This story is an example of a person who does not plan for his payments, so it is better to do this before spending money to buy products, and one of the best planning methods is to do the income-expense memos.

Doing the income-expense memos will be useful for checking of how much learners have earned and how much they have paid so that it can help them reduce some expenses and balance between the incomes and the expenses which will be suitable for their financial status.

Doing the household accounts is to do the family’s income-expense memo which can be done in an easy way, even the beginners can do this by their own, by dividing the lists into incomes and expenses. For incomes, there are salaries, wages, selling’s pays, crops, or properties, etc. For expenses, there are payments for consuming, electricity bills, telephone bills, or other overheads, etc.

Doing the incomes-expenses memo or listing learners and their family’s accounts is very important to Thai people. As the Royal Address bestowed by His Majesty the King on the occasion of His Birthday and National Day on 4^th December 1997 at Sala Dusidalai, Chitralada Villa, Dusit Palace :

“…forty years ago, there is a government officer who has come for borrowing money, in fact, he has already loaned some before but he said it was not enough, so he asked for more. This time of borrowing he was told to list all of his incomes and expenses, the incomes were comprised of his salaries and his incremental revenues, while the expenses consisted of his payments. After doing this memo, he has never lost his money again and has enough money for living because he has known of his total incomes and of how much he has paid in each month…”