Posted by Tim Stobbs on March 27, 2007
During the month of March I’ve been running a little experiment at home with my wife. I’m trying to track every penny we have spent so far this month.
So far I’ve found the exercise useful to discover a number of things around myself. First I now know that it is hard to remember to keep every last receipt that you get everyday and the number of places you have to ask to get one. Also I didn’t realize the amount of receipts that we get in a month. Case in point, I now have a stack of receipts that is about 1 inch thick.
The second thing I found out about myself is that I’m really not that good at learning a new habit. I’ve been trying to remember to enter the receipts into this little Excel template I downloaded and I have only managed to do it twice this month. It’s not like it is hard to do, but I just find myself pushing it off. So if I were to do this again I would try to get in the habit of entering it in daily rather than weekly. It’s easy to push something off during the weekend, but harder to do it when I sit down at this computer every week day to write this blog.
Overall I’m happy with this experiment so far. My goal of this is to try and determine if I really am spending close to my budget or is I’m overspending and not realizing it. My wife’s goal is a bit different she wants to be able to answer the question “Where did I spend all my cash this month?”