Track Whats Important - Your Money
| November 12th, 2008Curious if you are tracking your daily expenditures?
In university for a time I used to track everything until it went down to change. That I could spend and not track; the rest was all tracked and accounted for.
Money is ultimately one of the most important things in today’s world. People say money doesn’t bring happiness, it cant’ buy love and they are right. It does however buy most everything else and you do probably trade 40+ hours a week of your life in pursuit of it. Don’t you think it should be used wisely? Don’t you think you should at least keep tabs on where it goes?
I found when I was keeping track of my expenditures that I would spend less. It’s easy to justify the 5-10 or $20 here and there but when you look at the total aggregates of how much those expenditures really are it changes your WHOLE PERSPECTIVE ON THINGS. You’ll look at the end of the month and see where your money went. What was positive, good deals, what was negative and just generally bad deals. I remember in University I started going out a LOT. At the end of that month when I saw how huge of an expenditure it was I made an effort to curtail it and I did. How can you find solutions to problems you don’t know exist?
If you don’t track it you’ll never know this and ultimately most likely continue making the same financial errors over and over again. Time is money. Money over time = more money. The sooner you figure out where you are wasting your money the sooner you’ll have better control over your financial life. It’s that simple.
Who cares about last year, last month or even yesterday it’s gone. Also the future is always out of our reach so basically just imagination. The only time you can do something is now. Tomorrow at this time will just be another instance of “now”.
There are many ways to keep track of your finances from programs like microsoft money or just excel spread sheets. How you track it isn’t the issue it’s the importance of actually tracking it.
Do you track your expenses? Do you once a month check the aggregate of “areas” of expenditure to see how it fits into your overall spending and what utility you really get? You may end up noticing that some of your biggest expenses are totally unnecessary and you’d actually be better off without them. When you don’t track your spending there is no “accountability”. Be accountable for your finances and govern them well. Just think what you’ve done in order to accumulate them in the first place…
Until next time good luck on your home businesses,
-Rob
