Are you sure you know what you spend your money on each month? How much do you spend on lunch? Or gasoline? People who have never tracked their spending find that when they do, they spent far more than they thought in many different areas.
Here is a great money management tip – track your spending so you better know where you can save. This is a great money management tip because it helps in several ways.
First, by tracking your expenses, you can get a real picture of where each dollar goes – especially those extra ones. Chances are you could spend less in some areas that you never even thought were a problem in the first place. Only this type of tracking can bring those issues to the forefront.
If you are having problems with managing your money on a regular basis and are looking for one great money management tip that may be able to put you on a better track, start tracking your spending and you will have found what you were looking for.
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|Jennifer Mathes, Ph.D.|