Why Am I Always Broke?
The Numbers (A 'Lost' Reference)There are three super important numbers that every person should know. How much income do I make each month, how much do I spend and what is left over? Without knowing your finances can literally be a guessing game. Does your income fluctuate between seasons? Check out Tim's post on Seasonally Influenced Income.
Where Does It All Go
For one month write down every single penny you spend. Whether it be a $1.00 at the vending maching or $1.50 on a pop at the gas station. Include cash purchases and debit/credit purchases. There are a million and one ways to do this. I like the good old fashioned piece of paper and pen because I can keep it in my purse. But I do recommend at the end of the day sitting down and typing everything into and excel spreadsheet. That way you can keep an easy to read record. My one word of advice...Don't Cheat! Be honest with yourself so you can get an accurate picture. I remember a time when I tried to keep track of my expenses and lied about what I spent. Who is that going to help!