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Tracking Expenses!!

June 10th, 2008 at 08:13 pm

I have tried tracking my expenses before too, but I have failed miserably every single time. I am trying it one more time, and failing is not an option this time around. Today is the tenth day of the month and I am happy to report that I have not lost track of my expenses, YET.

One question for those who keep track of expenses, do you track it based up on cash (meaning when you pay it out) or based up on when it is accrued?

Posted in Uncategorized | 6 Comments »

6 Responses to “Tracking Expenses!!”

  1. Nika Says:
    June 10th, 2008 at 09:37 pm 1213133865
    1213133865

    If I buy something on a credit card today and the bill won't come until July, I would still record it an expense for today - because that money was SPENT today.

    Good luck with your task - I find this fascinating and am also doing it right now. We all think we know how much we are spending and on what but the reality often differs from perception.

  2. NJDebbie Says:
    June 10th, 2008 at 10:20 pm 1213136408
    1213136408

    Add me to the tracking expenses list. I'd been keeping track since June 1th and so far what I see it's not pretty. I'll post my findings on June 30th.
    Good luck tracking!

  3. NJDebbie Says:
    June 10th, 2008 at 10:20 pm 1213136428
    1213136428

    Add me to the tracking expenses list. I'd been keeping track since June 1th and so far what I see it's not pretty. I'll post my findings on June 30th.
    Good luck tracking!

  4. ZenQueen50 Says:
    June 11th, 2008 at 12:39 am 1213144762
    1213144762

    I've started tracking expenses - fixed, variable and non-allocated - this month. Thus far, it's going well. I do agree that the reality is different from the perception, Nika. That's why it's important to keep track, otherwise, overspending will become one's rule rather than the exception. I certainly don't want it to become mine. Smile

  5. Amber Says:
    June 11th, 2008 at 02:08 am 1213150107
    1213150107

    I keep it based upon when I pay it out

  6. nosavings Says:
    June 11th, 2008 at 05:36 pm 1213205817
    1213205817

    Good to hear from ya'll.

    I am tracking expenses when it is accrued. Few surprises so far.

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