Saturday, November 8, 2008

Get On The Right Track With Your Money

Let's say for fun that we are going to turn over a new leaf come January 1st, 2009 and live within our means. That assumes you know where your money goes.
The first step is keeping a journal of what you spend and where it goes. Start today so you will be able to have a legitimate budget come January. I will have updates on budgeting. For now, let's start with journaling your expenditures. You can do this by hand or using a computer program as Quicken.
Here is a list of possible categories you can enter your expenditures in.
Auto; gas repairs, license
Bank fees
Charity
Christmas
Education
Entertainment/travel
Gifts; birthday, baby, wedding
Groceries
Hobbies; yoga, dance, tennis, golf, ski tickets
Insurance; auto, health, home
Taxes
Utilities; gas, electric, cable, phone, internet, cell
Mortgage/rent

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