Comments on: Tracking Your Spending For A Month Can Help Open Your Eyes To Unnecessary Expense.

By: ctreit

ctreit — Fri, 05 Jun 2009 02:35:35 +0000

Great post. I think that you will be able to tackle any financial challenges if you have the discipline to track your expenses for 30 days.

By: Anne M. Ferguson

Anne M. Ferguson — Thu, 04 Jun 2009 15:10:17 +0000

I plan for and then track my expenses every month and then annually using MoneyMinder. Now, when I fall behind, all is not right with the world until I get back on track. Wish I had used it years ago. I also use it with my financial counseling clients.

By: The Happy Rock

The Happy Rock — Thu, 04 Jun 2009 14:09:58 +0000

Great article Pete. In this day an age I think a couple weeks of tracking your expenses is a huge eye opener for most people.

You only have to commit to a few minutes a day or 30-60 minutes a week or so to do it. Cold hard facts don’t lie and they tend to really get you thinking.

By: Chelsea

Chelsea — Thu, 04 Jun 2009 14:06:56 +0000

Hi Peter,

I totally agree – one month of tracking your spending can be life-changing – or at least spending habit-changing

I remember the first time I did this and actually realized how much I wasted on coffee, lunches and dining away from home. It was shocking.

If you’re a reader without the patience or time to manually track expenses for a month, there are free online services like http://www.quickenonline.com you can use to automatically get a glimpse of the last 90 days of spending across your accounts.

We just redesigned our Trends (spending analysis) tab; look, feel and functionality is much expanded. Check it out if you have time.

Thanks for the great post!

–Chelsea, Quicken Online

By: Bible Money Matters

Bible Money Matters — Thu, 04 Jun 2009 13:58:50 +0000

Thanks for the opportunity to post David, I appreciate it!