Share this
Twitter
Digg
Del.icio.us
Reddit
Simpy
StumbleUpon
Slashdot
Furl
Yahoo
Blogmarks
Technorati
Newsvine
Ma.Gnolia
Googlize this
Blinklist
Facebook
Wikio
Hear this text
Export PDF
Print
E-mailHave you ever logged into your bank account to check your balance and panicked when you realized you had spent more than you thought? I have met very few people who can keep a running total of their expenditures in their head. I easily forget that I bought a new book or spent more than usual on gas due to a trip to see my family.
In our book, Living The Savvy Life, we encourage readers to adopt six key Savvy Habits. Of the six habits, the one that most often makes an immediate and positive impact on reader's finances is Savvy Habit #2 - track your spending on a daily basis.
To track my spending, I use a simple Excel spreadsheet that is set up similar to the check register the bank sends you along with your blank checks. In our Living The Savvy Life Online Program, we offer a template that you can download. The template is titled Expense Tracking Workbook. We also have a video titled How To: Track Your Spending on the site as well. In the video, Kevin and I talk you through the process.
It is important to remember to track all of your spending for that particular bank account. That includes the bills you pay, the automatic withdrawals and incidental transactions such as groceries, gas and fun stuff.
If you're in the process of really trying to gain control of your spending, you can use a separate spreadsheet or small notebook to track your cash expenditures as well.
Once this process becomes routine, it will take you just a few minutes a day to implement. This is one of the most powerful habits to adopt and will quickly make a positive impact on your financial life.
Excerpt from The Savvy Life Newsletter
In our book, Living The Savvy Life, we encourage readers to adopt six key Savvy Habits. Of the six habits, the one that most often makes an immediate and positive impact on reader's finances is Savvy Habit #2 - track your spending on a daily basis.
To track my spending, I use a simple Excel spreadsheet that is set up similar to the check register the bank sends you along with your blank checks. In our Living The Savvy Life Online Program, we offer a template that you can download. The template is titled Expense Tracking Workbook. We also have a video titled How To: Track Your Spending on the site as well. In the video, Kevin and I talk you through the process.
It is important to remember to track all of your spending for that particular bank account. That includes the bills you pay, the automatic withdrawals and incidental transactions such as groceries, gas and fun stuff.
If you're in the process of really trying to gain control of your spending, you can use a separate spreadsheet or small notebook to track your cash expenditures as well.
Once this process becomes routine, it will take you just a few minutes a day to implement. This is one of the most powerful habits to adopt and will quickly make a positive impact on your financial life.
Excerpt from The Savvy Life Newsletter
