To know exactly where your money is going we are going back to basics. This week get your Spending Plan, a notebook, a pen, your bills and receipts and track your spending. Because you have a working Spending Plan a week is long enough to give you a snapshot of exactly where your money is going and whether it is going where it should be.
How to Track Your Expenses
There are a lot of ways you can do this. For the purpose of this exercise, seeing as it is only for a week, choose the easiest method that works for you. It might be a notepad and pen, it could be an excel spreadsheet on your computer or even one of the gazillion aps available for your phone. Personally I just use my diary and jot down each day's spending after tea. To make tracking expenses even easier I've created a printable expense tracker you can download and use.
You'll see the Expense Tracker has a category for "Other". We all have one-off, odd expenses that don't really fit anywhere. Put those expenses here. Now a week of tracking won't necessarily be a complete picture of your spending but it will give you enough detail to determine if your Spending Plan is working and where you need to tweak. Remember, this is just a spring clean of your finances.
If a receipt falls under two or more categories, for example you bought food, medication and school items at the supermarket just list the totals under their respective categories.
For purchases that don’t have a receipt, mortgage payments for instance, write these in every time you make a payment so you don’t forget to track them.
As you track your spending this week you may see some surprising habits that you may not even have realised you have. You may be wondering why your grocery bill just won't fit in the $300 a Month Food Challenge, then realise just how much you are really spending at the supermarket on incidentals. Or it may be the odd coffee now and then that is breaking your budget.
Tracking expenses shows you exactly where you are spending your money, and how.
Next week we'll use this information to review your Spending Plan.

I did spring clean my finances the other day as I got to cards sent to me both were ones I had used when i was on holiday (not credit ones) debit so I dont use them any more so desided to close them and found that one of the cards still had money on it so I was up $ for the next holiday nice
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