Happy new year to all. The new year is a great time to start approaching your finances in a better way. Today the challenge is simple: keep track of all your spending for the entire month of January, every penny. Ok, I may forgive you if you are off by a cent or two, but not more than that. This will show you where your money is going, and I bet you will have a surprise or three in there. I will also play along and track all of mine as well, and share the results. This should be pretty simple for me, because I mostly use debit and credit, with very few cash transactions. If you use cash, then remember to carefully track where it has gone. And remember keep it simple, this is just any money you pay out this month, Jan 1 to Jan 31. Do worry about bills for last month, but paying this month, money you are paying back for friend this month for a few weeks back. Don’t get caught up in all that nonsense. This is just money. Any funds that leave your bank account, record it.
I will put up a post in early February and everyone can share their results, and then the fun will really begin!