Two Simple Tricks to Better Manage Your Money

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A couple of weeks ago I took a serious look at my three year plan spread I have my bullet journal to inspect the goals I wanted to accomplish in the year 2017. After taking a hard inquiry of my goals I realized that most of my goals were financial related in the fact that they involved making large purchases or doing some serious savings. Since my current income is pretty modest I realized I was going to have to do some serious budgeting if I was going to get anywhere with my financial goals.┬áBack in my late teen years I had read Dave Ramsey’s Total Money Makeover book and even set up a mock budget just to practice what having a budget would look. Since I was playing with a pretend scenario I couldn’t correlate my mock budget with real life. Fast forward ten years I now see why having a budget is so crucial, at least for me anyway.

So getting back to the whole setting up a real life budget thing. I will be the first one to tell you I am still pretty much a novice when it comes organizing my finances but I really want to spend this next year in commitment to establishing a better budget. So I browsed Pinterest and the rest of the internet world for budgeting worksheets the would fit my financial situation and help me track my expenses and such. Come to find out with all of those worksheet out there I had a hard time finding one that really fit my financial needs. Then I happened upon an article from entitled 5 Steps to Managing Your Money Like An Adult. The article had an image of a simple budget worksheet containing fixed and variable expense sections that I knew would be perfect for me.  So I did what I do best. I saved the article with the worksheet to one of my Pinterest boards and copied the sections I wanted use in my bullet journal and made it look pretty.

Okay so I had my budget spread but now I was still kind of at a loss at putting it to use. I had an idea about how much my fixed expenses were but what about my variable expenses like groceries, gas for the car, etc? I needed a way to track where my money was going and how much I was actually spending on my variable expenses to get a better idea of setting a spending allowance for them. Enter in my spending tracker courtesy of bobbies_bujo instagram photo I found on Pinterest. Mine is the photo below.

I am absolutely in love with my spending tracker and I now want to explain to you how it works. I drew a long box and split it up into eight columns. In the first column I write in the date I purchased my items on. In the second column I write in what store I purchased the item(s) from or if its a bill I write in where the bill is being sent to. In the third column I write in the type of item(s) purchased whether it was groceries, shoes, etc. In the fourth, fifth, and sixth columns I write in what method I used to purchased the item such as cash, check, or my debit card. In the seventh column I write in how much the item(s) cost. Lastly in the eighth column I write in my spending balance. At the end of the month I categorize the items I purchased and then add up the item(s) in each category. Now I have an idea of how much money I can alot to my variable expenses section in my budget. At least that’s the idea anyway. If you are looking for a great way to help you keep track of your spending this year why not try a spending tracker.

Are there any other ways you use to track your spending? Leave a comment below.

Happy New Year!!!!

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