Track Expenses

Where do you spend your money?   If you don’t know where your money is going, how can you create a budget or manage your money?  I have a challenge for you!  Track your expenses for 30 days!

For the next 30 days, get a receipt for everything you buy and designate a place in your house to put those receipts every day or every few days.  (Put a basket on your kitchen counter or desk area).  You should already receive a receipt if you pay for anything with a credit card or debit card.  If you write a check, make sure you include it also.  Most important, keep all your ATM receipts and anything you pay for with cash; get a receipt.  At the end of 30 days, make a total of each category.  This will tell you where your money is going and help to create a budget.

Feel free to use one of the resources I have listed below or create your own.  If you are currently using Quicken or MSN Money, take the time to print a monthly expense report.  This will only give you a realistic picture if you are entering EVERY receipt or expense. 

trackexpensesform1

http://www.crown.org/Library/ViewArticle.aspx?ArticleId=263  Click on 30 day diary under Charts in PDF format.

During these 30 days , continue to visit and we’ll discuss other things you can do while tracking your expenses.  I’d love to hear how you track expenses…putting receipts in a basket, using a program such as Mvelopes or using your Blackberry.

Have a great week! 

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