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Tracking All Spending-YIKES

August 5th, 2007 at 10:45 am

I have been tracking every dime I spend for the last 3 weeks. It has really been an eye-opening experience for me.

Week One: $272.06 This was a tough week because I traveled to Kansas City for a family birthday party, so my gas expenses were higher than normal. And this total also includes $80 for birthday gifts (for sister, niece and BIL).

Week Two: $209.22 Getting a little bit better. But I still overspent for useless stuff totaling about $30 for things like Chick Fil A, breakfast biscuit at Hardee's, a 6 pack of beer and various other snack foods. This is way too much to be tossing away each week.

Week Three: $79.99 Much better. Useless expenses down to $11.75. Most of the weeks spending has gone towards groceries and gas. Also, I had 3 days this week where I didn't spend anything at all. And one day of no driving.

This process has made me much more aware of how much extra money I'm spending here and there. And now that I see how that stuff adds up, I think more before I grab something from the vending machine or grab some fast food.

4 Responses to “Tracking All Spending-YIKES”

  1. Amber Says:

    Yes, tracking all transactions put things into perspective

  2. scfr Says:

    Very smart move tracking all the spending.
    Are you going to come up with a budget next?

  3. JanH Says:

    Welcome! And tracking spending is an eye opener, isn't it? I had the same feelings when I started doing ours.

  4. disneysteve Says:

    This is always the first thing I recommend to anyone trying to get their financial house in order. Most people haven't got a clue where their money goes. Until you know that, you can't accomplish anything else.

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