Welcome to Day 8 of Where’s My Money Going? Month! This February 2009, I’m challenging readers (and myself) to track spending manually for 28 days. Don’t worry if you’re late to the party, the more the merrier!
Eight days in, dear reader, we are over 1/4 of the way through the month. If you’re joining at this point, you’re not too late but consider going a week into March to give yourself a bigger picture of your finances. Today, I’m doing a roundup of reader tips & posts.
From Steve in Montreal (look for a post from him later this month):
I’ve been tracking my spending for about 18 months now. I use the calendar in MS word and enter all my bills as to when they are due and for how much. I keep a running tab on my bank accounts as well.
What really helps is using these values and entering them on Excel. Each month I sum up 3 columns: Food, Gas and Stuff. It is a real eye opener when you calculate how much you dropped down for stuff.
Jermaine shares an intricate budget spreadsheet she’s created, modeled on the PearBudget spreadsheet.
Calgirl Finance managed not to spend at all for the first two days of the month. Well done!
Mike at Richer by the Day shares where his money went in 2008.
After checking her checking account records, Just Another SAHM has come up with some plans for curbing eating out in February.
M is for Money talks about tracking spending to get a handle on debt.
Others who have written about their decision to participate include: Liz at Both Sides of the Pond, zpetal (and her boyfriend), Rob at MoneyWatch, Jason at Live to Budget, and Ashley at Wide Open Wallet.