Financial Zip

If you have ever taken an accounting class in college they are horrible. They confound you and confuse you with things that you don’t understand, income sheet, balance what what?

I had a lady call me the other day she said to me, “Brice, I’m overwhelmed I have all these different financial sheets to fill out” It’s true I gave her some financial sheets that maybe a little complex, however completely necessary.

But I am going to let you in on a little secret I don’t like algebra, I never took calculus, I hate word problems you know the ones that start out Uncle Joe goes to the market with 6 bushels of corn and Who’s uncle Joe again? But I learned to know where my money is going. It is simpler than you think. Its one plus one stuff. If it adds up and I have more money coming in then out I’m happy.

I realized why I started to like keeping track, because it was MY money. MY money, mine. I should know where it goes, and you should to. Actually I feel more uncomfortable if I don’t know where money is going. If I don’t track it then I start to get the feeling of I have a payment coming up but I don’t know when. Then it drives me out of my mind.

So keeping track of money and where it is going should actually help with your sanity. Then you know when and where a certain bill is due. Then you can develop a budget or a plan to save, then spend and enjoy life.

Trust me it is more stressful to just spend money without tracking it. If you are at that point your are digging into that awful drug of credit card debt that everyone should avoid because it enables you to get into more debt.

So a few things to remember. Track you r money you will actually be less stressed. At the end of each month be sure to add up all you income and all your expenses. If you have more left over there is your profit and you can use it for something useful. If less then you have a loss and you need to do better the following month.

A site I recommend if you use the internet is SpendingDiary.com you just have to enter the amount and category and you are done. It adds it up for you and gives you a report so go check it out.

Related Articles:

How to Save $100 A Month
Why Budget
Organize Your Finances

Enjoyed This Article? Bookmark It!