Comments on: How to control and track your spending effortlessly http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/ Your Guide to Stress-Free Financial Control. Personal finance tips. Sat, 20 Mar 2010 03:14:20 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Accepting telephone credit card payments http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-119105 Accepting telephone credit card payments Sat, 27 Sep 2008 13:59:35 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-119105 I don't know why it's so tough for people to control spending. Boy, if you spend more than you earn, it's painful... so why sail that close to the wind? Spend only what you can afford to spend. If you can't afford something, go without until you can save enough to by it. Simple rules for happiness. George. I don’t know why it’s so tough for people to control spending. Boy, if you spend more than you earn, it’s painful… so why sail that close to the wind? Spend only what you can afford to spend. If you can’t afford something, go without until you can save enough to by it. Simple rules for happiness.

George.

]]> By: [URL="http://www.checks-for-less.com/"] Justin H. with Checks For Less[/URL] http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-82053 [URL="http://www.checks-for-less.com/"] Justin H. with Checks For Less[/URL] Thu, 03 Apr 2008 14:11:15 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-82053 I had read about using envelopes to manage monthly spending on different things. After reading your post I've decided on taking the 30 day trial. Thanks for the helpful advice you provide. I had read about using envelopes to manage monthly spending on different things. After reading your post I’ve decided on taking the 30 day trial. Thanks for the helpful advice you provide.

]]> By: jake http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-67093 jake Tue, 05 Feb 2008 12:33:05 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-67093 I ment <a href="http://outgoings.eu" rel="nofollow">http://outgoings.eu</a> sorry :) I ment http://outgoings.eu sorry :)

]]> By: jake http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-67090 jake Tue, 05 Feb 2008 12:29:58 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-67090 Try using <a href="http://outgoings.eu" title="control spendings online" rel="nofollow">. I wrote down one-month spendings and I was shocked how much I spent on food :). It is online so you can access it from every place (ie work) and control your spendings all the time. Try using . I wrote down one-month spendings and I was shocked how much I spent on food :) . It is online so you can access it from every place (ie work) and control your spendings all the time.

]]> By: Art http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-64127 Art Wed, 23 Jan 2008 08:08:31 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-64127 I think the best way to control and track your spending is simply to note all the expenses that you make everyday and at the end of the month browse all the expenses that you listed and try to rationalize which of those overheads could be avoided or eliminated. You will realize if you do this simple step that many of our petty expenses are not needed at all and believe me I can attribute that at least 15% of your expenses can be lessened. The other way to control your expenses is to lessen your variable expenses, these are expenses which could be minimized like dinning very often which is very expensive, keeping the lights on when you are not using it and satisfying your wants rather than just meeting your needs. The saying that there is enough for men's needs but not for men's wants is really worth emulating for. The other way around to control your expenses is merely to delay your instant gratification for investment purpose. Instead of buying immediately a new suite, delay it and invest instead the money in Time Deposit and as you buy time you will earn interest income instead which will now form part of your passive income. Isn't that practical enough, instead of spending your resources it is now providing you income instead. Small it might be but that income is earned honestly and you pay your witholding taxes and that means that small interest income you have earned in the bank is worth a solid gold bar for you growing as the years go by. Money is there to spend it, true and correct but we must also see to it that money spent should be done in way that it will provide us more income in return rather than incurring liabilities instead. I think the best way to control and track your spending is simply to note all the expenses that you make everyday and at the end of the month browse all the expenses that you listed and try to rationalize which of those overheads could be avoided or eliminated. You will realize if you do this simple step that many of our petty expenses are not needed at all and believe me I can attribute that at least 15% of your expenses can be lessened. The other way to control your expenses is to lessen your variable expenses, these are expenses which could be minimized like dinning very often which is very expensive, keeping the lights on when you are not using it and satisfying your wants rather than just meeting your needs. The saying that there is enough for men’s needs but not for men’s wants is really worth emulating for. The other way around to control your expenses is merely to delay your instant gratification for investment purpose. Instead of buying immediately a new suite, delay it and invest instead the money in Time Deposit and as you buy time you will earn interest income instead which will now form part of your passive income. Isn’t that practical enough, instead of spending your resources it is now providing you income instead. Small it might be but that income is earned honestly and you pay your witholding taxes and that means that small interest income you have earned in the bank is worth a solid gold bar for you growing as the years go by.
Money is there to spend it, true and correct but we must also see to it that money spent should be done in way that it will provide us more income in return rather than incurring liabilities instead.

]]> By: Alan with Personal Checks Unlimited http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-61277 Alan with Personal Checks Unlimited Wed, 02 Jan 2008 18:33:44 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-61277 Great article Sam! This really does lay the foundation in a practical way for working towards financial freedom. Once you know what's coming in and going out, as well as where it's being spent, you can begin to allot certain amounts for savings/investing. I'm looking forward to the article on using your debit card. It's a big part of my money management system, along with smart personal checking. Great article Sam! This really does lay the foundation in a practical way for working towards financial freedom. Once you know what’s coming in and going out, as well as where it’s being spent, you can begin to allot certain amounts for savings/investing. I’m looking forward to the article on using your debit card. It’s a big part of my money management system, along with smart personal checking.

]]> By: Best Credit Quote http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-58788 Best Credit Quote Mon, 17 Dec 2007 20:25:50 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-58788 Some excellent points about not spending beyond ones means. I'm afraid far too many of us fall into this habit. It's as if we believe we will suddenly come into some serious money by some magical happenstance and suddenly everything will take care of itself. This truly is a dangerous mind set. Some excellent points about not spending beyond ones means. I’m afraid far too many of us fall into this habit. It’s as if we believe we will suddenly come into some serious money by some magical happenstance and suddenly everything will take care of itself. This truly is a dangerous mind set.

]]> By: Jess http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-48437 Jess Tue, 23 Oct 2007 11:29:32 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-48437 Good article! I prefer to make a plan of spendings every month and then I try to stick to this plan. Besides, I have a spending diary. It might seem to be old-fashioned to put down all your spendings, but it does help me to control my spendings. Good article! I prefer to make a plan of spendings every month and then I try to stick to this plan. Besides, I have a spending diary. It might seem to be old-fashioned to put down all your spendings, but it does help me to control my spendings.

]]> By: spendingdiary.com http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-31672 spendingdiary.com Sun, 08 Jul 2007 18:27:57 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-31672 hope you don't mind me mentioning - I've recently launched a site that could hopefully help people understand where their money is being spent The site is <a href="http://www.spendingdiary.com/" rel="nofollow">spending diary</a> it allows users to log their spending by day and category, and either analyze on the site, or download the data in csv format. hope you don’t mind me mentioning – I’ve recently launched a site that could hopefully help people understand where their money is being spent

The site is spending diary it allows users to log their spending by day and category, and either analyze on the site, or download the data in csv format.

]]> By: Credit Card Analyzer http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/comment-page-1/#comment-30646 Credit Card Analyzer Fri, 29 Jun 2007 07:15:13 +0000 http://www.gettingfinancesdone.com/blog/archives/2006/07/how-to-control-and-track-your-spending-effortlessly/#comment-30646 Your trial idea is great! Worth being recommended to anyone who is in credit trouble. Your trial idea is great! Worth being recommended to anyone who is in credit trouble.

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