How I feel about budgeting? Personally, I dislike budgeting. I would rather go to the dentist than budget on a weekly or monthly basis. This maybe part of the reason that I got into debt to begin with. Back then I didn't know what was coming in or going out each month. How do I feel now about budgeting? Well, lets just say that I know it is necessary in order to stay on track and save for my future goals. In the future, I plan to discuss how I budget and how I live within my means on a daily basis.
Do I write all of my expenses down? Yes! I write everything down in a mini spiral notebook that I keep in my purse. I just write the date, vendor, and cost. For example, a line in my notebook would look like this: 6/12/2009 McDonalds $5.65. This is very helpful for me to see where my money is going daily, weekly, monthly, and yearly.
I would also like to bring your attention to a new link that I have added to this blog. The link is to the experts page on Yahoo Finance you can click here to view the experts. I particularly like reading the Laura Rowley - Money & Happiness articles. After reading her articles, I always leave feeling as if I have learned something new from her posts. Plus it gives me another perspective on money and life and happiness.
1. What types of purchases do you use your credit cards for?
2. Do you use cash? When do you use cash?