The Scenario
How do you keep track of your money?
Sam Savings Sam

Savings Sam
My wife does our finances on line and we talk together once a week about our accounts and what bills are due.
Bonnie Balanced Bonnie

Balanced Bonnie
I keep a spreadsheet and all my receipts together in a binder for when I sit down every other Wednesday night and pay bills.
Ian Impulsive Ian

Impulsive Ian
When I do get paid, I pay the most important bills first, but never have enough to pay everything. When I win at the casino or on a scratch ticket I try to pay another bill, or sometimes I reinvest it on more tickets. My counselor tells me I need to make a budget, but I have been putting it off, I am not really sure where to start.


Part I

Now that you have your Categories established and have prioritized them, it's time to take a look at how you spend your money. Many people don't realize how much they spend on smaller items, until they start to keep track of each transaction they make. For example, how much do you spend on take-out coffee a week? 

You can keep a list of all your expenditures in a notebook or jar to review once or twice a month, or try one of these free on-line tools:

Important to Consider

If you answered NO to any of these questions, you could currently be at a financial risk.

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