<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Spending Today
 

Spending Today

April 4th, 2006 at 02:27 pm

Fellin' good with a 50 note still in my pocket. I spent 10.30 on groceries yesterday and ate in for supper. Spent 1.20 for the bus last night and this morning... 2.10 for some rolls and a big bottle of water for lunch today.
Brittany asked if I used any software to track my spending and the answer is, "not really." I tried Quicken a few years ago and screwed it up so much that I didn't want to try again. I have used Excel to track my spending and find totals, but that turned out to be cumbersome as well. Today, I keep my networth and account information locked up in an Excel sheet that I tally up monthly or more on average and this seems to work well for me. I have my budgets for house and personal also within my Excel worksheets as well as my goals for the coming year and next five years. And... I keep a list of wants... so that when I feel the desire to spend more than $50, or am just feeling rich, I can take a look at my wants list and figure out what to spend it on... I think this helps to spend money on things I really desire instead of something I see in passing. It works the other way, too. When I see something I want and it costs a fair bit of change, I place it on the want list. It'll be there tomorrow or the next day if I really want it. There are so many places to buy things nowadays!!!
To track spending, I usually just use a pencil and a small notebook. The notebook also has rough guesstimates on what things cost in the grocery store so that I can compare before purchasing. I think this is a good habit.
Cash is also my friend. When I used the credit or debit cards more, I always spent a heck of a lot more money. When I take my cash out every week or two weeks, I know exactly how much I have left to spend. Works great!
There is a teacher I met here who wears their clothes at least 4 or 5 times before washing them. How very different from the US, eh? She's from the U.K. and just seems to feel more comfortable with not spending so much money on washing clothing... it doesn't get all that dirty during the day while teaching students and she changes clothes when she gets home to save the good stuff. What a fantastic way to live!
In the U.S., it seems that people are expected to not wear an outfit if they wore it the week before or something. Silly. Clothes are just clothes and I would assume that if you don't spend your money on clothes, you have a heck of a lot more in your savings account!!!! Ha!

Jorge

0 Responses to “Spending Today”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]