Monday, October 10, 2011

Tip: Track Your Spending

I'll get into this in more detail in the future, but one of the best ways to control spending and money leaving your pocket is to keep track of it.

Honestly write down everything you, or your family spends. I use do this on Quickbooks, I'm sure a notebook would work too.

Putting it in writing creates accountability, while also allowing some honest reflection. It makes creating a budget much easier - there's no guesswork as to what is needed in various categories, and will likely draw attention to expenses that could be cut or eliminated.
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