12 June 2013

Map Out Your Expenses

For a month, write down everything you buy.  Don’t worry about obsessively reviewing it every day, but take the time to make it accurate.  You’ll find that there are plenty of unnecessary purchases you can eliminate from your budget without thinking twice.

This is a great way to track your cash expenses, which includes all the times you stop for coffee, go out for lunch or stop at the supermarket. Write down every cent spent and review it the end of each month.

1 comment:

  1. If you have a bank account and use credit or debit cards most banks provide an online money tracker service. You get a detailed breakdown of where your money is coming from and where it's going to. Managing your money is made easy because all your expenses and income are automatically categorised as lists, a pie chart or bar graph. I find this very helpful.

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