Keeping a Money Journal

At the end of every month I list in a journal things I have done to save money for that month, it may be something as simple as using cold water for washing, washing the dishes by hand etc. I also list things where I haven't saved money and how I can improve on this the following month. This technique gives me a monthly guide to encourage me to keep going with what I am doing, incorporate new tips  (these can be obtained from the Cheapskates Club website of course) and to reflect on over-spending and learn from it so I don't do it again. As I know myself so well, I can find flaws. For example, I seem to get caught up in the Christmas spending easily and by writing down what I have done I can be prepared not to make the same mistake again. It's like a journal for your spending/saving and it's nice to look back on and see how you grow with wisdom and willpower!

Contributed by Pauline, Clare