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The method of creating a database for monitoring student fees would involve the following steps:

1. Identify the necessary data: Determine the key data elements that must be tracked in the database, such as student name, ID number, fees due, fees paid, date paid.

2. Design the database schema: Create a database schema or blueprint that outlines how the student fee data will be organized and stored.

3. Create tables: Set up tables that correspond to the schema, with each table containing records that include data pertaining to student fees.

4. Define relationships: Define the relationships among the tables to enable the tracking of student fees, such as a table linking student name and ID number to fee records.

5. Input data: Enter data from fee invoices or receipts into the appropriate tables in the database.

6. Generate reports: Create reports that summarize or detail student fees, such as invoices, receipts, or aging schedules that show outstanding balances.

7. Update records: Continuously update records as students pay their fees or incur new fees, using a systematic process for ensuring the accuracy of the data.

8. Maintain security: Implement security measures, such as password protection and access controls, to prevent unauthorized access to the data.