A way to track your spending
Many people have a small book in their car or purse and they jot down smaller expenses to keep track of them. I applaud these folks but, for some, this is not workable.
A few days ago, I heard of another method - use your kitchen or office calendar to mark down expenses as they happen - coffee runs, clothing, movie rentals, take-out food. This way, not only can you see how much spending you are doing but you can also see when it is happening. You can get a good snapshot of the month and how much is going down the drain.
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Another way I’ve used in a pinch is my checkbook ledger. For a cash purchase I just enter the item, and amount, but I don’t subtract it from the balance in the account. At the end of the year the ledger goes in the tax file and all the info comes out of that hadn’t already been entered into the computer.
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