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Home > 7 day summary of spending - yuck!

7 day summary of spending - yuck!

January 8th, 2007 at 04:40 pm

Ok, guys. Now, that's an eye opener... I have been tracking our spending for years now but not really down to the day - more for monthly budgeting... but for the first 7 days in 2007, we've spent out over $500 in stuff! No wonder we live paycheck to paycheck. I could justify that some were for groceries and doctor visits, etc, but bottom line picture is that we spend, spend, spend too easily...Sure, we have not accrued any debt in years, but our savings hasn't grown and this is exactly why. All our discretionary income goes out the door so quickly. Time to take 2 steps back and revisit how we can cut back on the unnecessary spending so that our savings can grow faster. What a wake up call!

4 Responses to “7 day summary of spending - yuck!”

  1. Ima saver Says:
    1168274714

    Wow, that is a shock!

  2. boomeyers Says:
    1168282108

    We made extra money last year and I am sad to say I don't have anything to show for it! Be careful!

  3. fern Says:
    1168285089

    it won't be a total wash if you stick to your 07 goals listed at right.

  4. all4money Says:
    1168285551

    We should be able to stick to the goals in setting aside $994 each month for those specific purposes. It just sickens me that we spent so much (even though it is all budgeted) in just 7 days. But, I guess that's what budgets are for.... it's just in my mind now, instead of budgeting for example $300 for groceries, I'm going to try to lower that amount by $25 or something like that each month. If I do that across each category, that should give me a lot more money to save each month. I guess I am just thinking that our savings goal of $500 each month may need to increase to really absorb the waste that we go through each month.

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