Be diligent in recording expenses

Ok, so we had a budget which we felt we could live with.  The problem was recording our daily expenses.  We tried excel files,  notes in cellphones/pdas etc… all to no avail.   Matching credit card slips with our statements was ok.  Recording the day to day casb expenses was another story.  Such a pain!!!!!! 

This year,  we’ll try a different tactic.  We’ve printed out calendar sheets from outlook and as soon as we get home,  take 10-15 minutes to write our expenses — from toll to food to cab fare.  On weekends,  we take 20 mins max to record the expenses against the budget.  A bit more convoluted but it seems to be working.  =)    I realized that my discretionary expenses shot through the roof in dec not because of gift purchases but because of Starbucks runs made in pursuit of the planner.  Humph.

Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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