Comments on: How to track daily expenses

By: Friday Fiscals link love | Mighty Bargain Hunter

Friday Fiscals link love | Mighty Bargain Hunter — Sat, 10 Oct 2009 03:49:01 +0000

[...] Christian Personal Finance talks about how to track expenses. [...]

By: Opt Out of Overdraft Protection Policy Changes and Weekly Round Up | One Money Design

Fri, 25 Sep 2009 18:26:14 +0000

[...] was a nice article at Christian PF this week that talked about how to track daily expenses and the importance of performing this exercise. Have you ever wondered where all of your money [...]

By: Jason @ One Money Design

Jason @ One Money Design — Wed, 23 Sep 2009 12:19:29 +0000

This post highlights well the importance of expense tracking. Another great benefit is the communication generated between husband and wife when looking at the expense tracking form or software together. It’s not uncommon for one spouse to be in the dark when it comes to budget category balances, such as food/groceries.
Expenses tracking is a great way for all family members to know the status of the family budget for any given point in time during the month.

By: Gholmes

Gholmes — Tue, 22 Sep 2009 19:17:23 +0000

Gas purchases , wife and I are cash only but we fudge and use our debit card for gas. I track my gas thru check register to see how we do according to budget each month.

If your friend doesnt want to track daily have him set aside some blow money (walk around money) each week. Using the envelope system that Dave Ramsey suggests has made life easier for us and less tedious. For cash, gas should be in a seperate envelope than walk about $$$.

By: CoolHappyGuy

CoolHappyGuy — Tue, 22 Sep 2009 18:11:14 +0000

Can I suggest a much easier approach?

When you make cash purchases, get a receipt! Put the receipts in the same area of your wallet as your cash. All of the data mentioned in the article (date, amount, item purchased) are tracked on receipts. This effort takes absolutely no time and costs no money. All that’s required is to take the receipt and put it in your wallet instead of in the purchase bag. Another benefit: less likelihood of misplacing receipts.

By: Craig

Craig — Tue, 22 Sep 2009 15:23:37 +0000

Need to be organized although even with tracking out of pocket expenses, depending on the person will determine how specific they want to track. Using an online personal budgeting software can also help you track out of pocket expenses. Although there are many, I recommend and use BudgetPulse.com (Full Disclosure: I am the marketing director but could offer alternatives if you would like).

Either way, having a plan and sticking to it will help you budget.

By: Stephanie

Stephanie — Mon, 21 Sep 2009 19:46:30 +0000

huh wow interesting, so true though. My husband does this ALL the time, i think i’ll forward this to him…LOL.