TAKE STEP TWO - DOWNLOAD YOUR BUDGET WORKBOOK AT
CLICK "FINANCIAL WORKBOOKS"
TEXT FROM VIDEO
Money Saving Minute #034 – Track Your Spending
Tracking
your spending will save you money. Sounds pretty obvious, doesn't it? But consider this, the same number of people that say ‘I already know
that’ are equal to the same number of people that will say ‘where did all of my
money go’?
So
let’s get back to basics. Tracking spending is not about self
punishment. Tracking is about looking at where your money goes and
finding ways to comfortably keep more of it in your pocket.
Tracking
starts with a 30 day snap shot. For the next 30 days keep all of your
receipts for cash purchase and make note of any incidental purchase such as
vending machines. Next take a look at your bank and credit card
statements for the same time frame. Examine all of your documentation to
see where your money is going. Again, this might seem obvious but once
you take a good look you might be surprised at where your money is going.
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