On and off again for the past few months I have tried to track my daily expenses. A lot of personal finance books, including Your Money or Your Life, recommend this technique as a means to track purchases and to rein in unnecessary and unplanned spending. This isn’t the first time I’ve tried this technique, I’ve tried at least two other times, but have yet to maintain the practice for longer than two weeks at a time.
I’ve decided to try again beginning November 1st. I’ve set a rather small goal for myself, only one month of tracking. So far I’ve been able to keep track of my expenses, but it’s only been five days. Originally I was writing down each expense in a small notepad, but I couldn’t seem to stick with this technique, so now I’m simply holding all of the receipts in my wallet and writing down the tally of those receipts at the end of the week.
I was wondering if anyone out there keeps track of their daily expenses and if so if you’d be willing to share some tidbits of helpful information that might help me stay focused on this task.