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  1. #1
    Lisa
    Guest

    Default Recording daily expenses

    This is the most fundamental key to budgeting, but I am struggling with

    it. Sometimes (garage sales!) you don't get receipts, I get backed up,

    etc.



    I'm carrying a small memo pad, and trying to write everything down as

    soon after as I can. But that works only so-so.



    The last resort for me is using my debt card a lot. That way I write it

    in my register.



    One last thing: When you record food, do you break it down at all? Like

    treats vs food vs cleaning supplies?



    Thanks, Lisa








  2. #2
    marie selders
    Guest

    Default Recording daily expenses

    I group food, cleaning supplies, or anything else (cat food, litter) I get at the grocery store in the same catagory. However, I use a very simple budget. It works for me. My husband and I carried the memo pad for a few months and it helped us see where we could tighten up our spending. We don't use it all the time. Only when we think we need to get back on track. Most of the time, we stay on course.

    Lisa <alpharalphablvd@hotmail.com> wrote: <DIV id="ygrp-msg">

    I'm carrying a small memo pad, and trying to write everything down as
    soon after as I can. But that
    works only so-so.
    One last thing: When you record food, do you break it down at all? Like
    treats vs food vs cleaning supplies?

    Thanks, Lisa




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  3. #3
    Monica
    Guest

    Default Recording daily expenses


    I am so very bad at this myself. I try to never write checks (I only have 2 bills that still need a check written) and to use cash/debit for everything else. Then I have my bank account set to open when I turn on my computer so it reminds me to take a look. I keep my register at the computer and just write in the pending transactions (they hit online minutes after I make a purchase) and it helps to keep me up-to-date.

    I also have my basic budget in an excel spreadsheet so when I open checking, I open the budget right away and highlight in red what has been paid, so I can see quickly what is left and do the math to make sure I'm on track.

    The whole process takes less than 5 minutes every morning.

    HTH's
    Monica in IL
    [quote]



  4. #4
    shaynelle
    Guest

    Default Recording daily expenses

    My husband and I keep receipts for EVERYTHING. Did you know it's

    law that a company has to give you a receipt? Yes, even if you

    spend 25 cents at the corner store on a candy, they have to give you

    a receipt. Then we tally the receipts and enter the amounts in the

    budget categories we have (ie groceries, dining out, transportation

    etc). It has saved us from spending thousands and thousands of

    dollars. We have completely paid off all our debt except for our

    mortgage, and its at such a low rate we make more having money sit

    in our savings account than pay off our mortgage. If it weren't for

    that we'd have our mortgage paid off as well. It's a lot of work

    to get into the habit of tallying your receipts, but it pays off BIG

    TIME!



    In fact, we go one step further and save each month for yearly

    expenses. For instance, say we pay $600/yr for auto insurance, we

    save $50/m towards that so when July comes around and our insurance

    is due, we pay it in full and save financing charges. PLUS we've

    made a bit of interest over the year by having that money sit in our

    savings account.



    Shaynelle








  5. #5
    Carrie
    Guest

    Default Recording daily expenses

    I try and take time each evening to record what I have spent in

    microsoft money. I have a cash account that I use to record cash

    purchases. I upload the information from my bank for debit and bill

    payments so I can record where the money went. I keep the receipts for

    everything. Anything that I do not have a receipt for I make sure I

    write it down. I break down my grocery expenses. I separate out food

    from other things that I buy ie. cat litter and dog food go under pet

    expenses, cleaners go under household expenses, shampoo and soap go

    under personal care. I don't split up food into catagories, anything

    we eat goes into the grocerery catagory. I use my debit card for most

    shopping trips. In microsoft money you can split each withdrawl up

    into various catagories. It works well for me.

    Carrie





    --- In Budget101_@yahoogroups.com, "Lisa" <alpharalphablvd@...> wrote:

    When you record food, do you break it down at all? Like

    treats vs food vs cleaning supplies?








 

 

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