Minggu, 18 Mei 2008

Tracking spending

Throughout this move, I have tried to be very diligent in keeping good records and receipts for everything I do and purchase. This includes my gas, which has risen to the highest I've ever seen it, and keeps on rising. No, not everything is deductible but everything is important so I can know exactly where I've been spending money. I don't like to see my bank accounts go down without knowing precisely why.

I really believe the passport to success is partly in being keenly aware of what we spend and partly in being careful to not overspend. I know that sounds simple enough, but there are too many times our wallet gets empty and we can't even remember what we did with the money. The reason for this is that we often purchase things without thinking. That soda last week. The doughnut yesterday. The pack of gum this morning.

Little things eat away at our money without us even realizing it. One way to combat this loss of funds is to keep a small notebook and enter every single thing we purchase, along with the price. Do this for two weeks and you will be surprised by how much you spend without thinking. This will also help you to rein in some of your spending on frivolous items so that your cash can be better used for what's really important in your life.
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