I haven’t been around the blogosphere for very long, be it reading or writing. I am also new to the whole budget thing, and therefore will make some mistakes along the way. I normally read about 10 different blogs a day, as I read the latest post at Give Me Back My Five Bucks I realized I haven’t kept track of any of our expenditures this past month. Although we didn’t come up with our budget until about two weeks ago, it probably would have been a good idea to keep track even for the partial month. The real point of the budget is to track your expenses and try not to go over how much you budgeted for a certain item/expense. I will chalk this up to being new to budgets and will try to keep a better record in the future.
In Making Sense of Cents latest article, She writes about monthly goals. She has some sweet monthly goals, even small ones that if added up can make a big difference overall to either your savings or debt. I think this is something I will do in the future, something like work a couple extra days or try to find something in our budget to cut back on.
Do you keep track of all outgoing money no matter what it is? Do you have weekly, monthly or yearly goals and if so how often do you analyze these goals and change them?