The Scenario
What's your approach to keeping track of your money?
Sam Savings Sam

Savings Sam
"I save the receipts from everything I buy. I keep track
of every cent I spend,
and make sure never to
exceed my budget."
Bonnie Balanced Bonnie

Balanced Bonnie
"My husband and I don't track every cup of coffee we buy. If we spend on something we want rather than need, we always consult each other."
Ian Impulsive Ian

Impulsive Ian
"I try to read my statements once a month."


Part I

The toughest part of managing your expenses is figuring out where to begin. It is important to categorize your expenses, so that you can assess how much you are spending on certain items.

Suggested categories include:House

Try making a spreadsheet in an office program such as MS Excel or Mac Numbers to keep track of your list. You can also create spreadsheets FREE online via Google Docs.

You can also click HERE to download an income worksheet, and click HERE to download a free expense worksheet to print out and get started.

STEP II: Prioritizing Expenses

Once you have a solid framework set with your personal spending habits in mind, it is important to prioritize how your money is spent. It isn't a good idea to splurge on an expensive hobby or travel if you are having trouble paying your rent or mortgage on time.

Try placing the categories above into one of the following 3 groups:

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