We all know that we should track our spending, but not everyone actually does. How does one develop this discipline? One AskMetafilter user pleads:
Do you have any tricks to ensure that you track your money? I would like to track what I spend and what I spend it on. I have software to do this, but I hardly ever use it. I'm looking for more of a software-independent way of thinking about my cash flow that will help me stay on top of it. This is really more of motivation thing than a “how to” or “what's the best system” question. What are ways to help me think about my money that will give me a better handle on keeping track of where it goes.
Back when I lived paycheck-to-paycheck, I knew that if I didn't track my spending, I would likely become overdrawn. Those huge overdraft fees provided excellent motivation. I learned to tuck every receipt into my wallet. I placed all money-related mail and paperwork in a cubbyhole on my computer desk. Most of all, I made it a habit to do my finances at least once a week.
Author: J.D. Roth
In 2006, J.D. founded Get Rich Slowly to document his quest to get out of debt. Over time, he learned how to save and how to invest. Today, he's managed to reach early retirement! He wants to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you reach your goals.