This month I have been using Spending Diary to keep track of my expenses. I have used this before, but at the time I was to busy to keep good records. I do have a little more time on my hands since my recent layoff and the reality check is good for me. Actually I kinda kept track a little bit last month, and some of the totals in certain categories were shocking to me. For instance, under the category Restaurants, in two weeks, we had spent close to $162.00. When I was working that would have been less shocking, but we are now down to one income. It was a wake up call. Oh, and another category that I was less than pleased with was my Thrift Store Shopping. (Cheaper retail therapy). Not so much. Last month I had spent $100.00 on buying things I thought I could resell in a recently rented booth at a local antique store. My sales in the antique booth are nil, nada, zip! Why is that you may ask? My prices were too high ( I recently marked down the majority of the items). Maybe my hoarder tendencies were kicking in and subliminally I did not want to actually sell any of the stuff. I will be checking back today to see if any of the markdowns helped with sales. Meanwhile, I am staying out of the Thrift stores for a bit. This week's totals: Restaurant: $11.46 ( Awesome!) Grocery: $114.71 (I am proud of this!) Gas: $51.00 ( job interviews, we are in a somewhat remote area) Thrift Store Shopping: $65.00 (need to really keep an eye on this!) Whew, I feel a little bit better having confessed my financial flaws. I think this layoff will really open my eyes to my inner financial diva. I know she is in there ready to slay the spending dragon. |
Financial Flaws Friday
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budget,
Financial Flaws Friday
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9 comments:
Spending diary is pretty revealing isn't it? I had no idea I spent as much as I did, but the numbers don't lie. I have financial flaws too....guess we are human! :)!
Oh yeah, spending diary is VERY revealing. A definite eye opener!
I have to get BACK to using Spend Diary. I used it til summer started and then didn't have much internet out east. I have no excuses now except I'm so busy with school. Guess I'll aim for October to get my finances back under control! (I have a real weakness for thrift store shopping too!)
I am not at all good to keep count of every cent. You are so thorough
I had an antique booth for several years - it was great fun, but no money maker. I think the only people who do well with them are either the owner of the antique mall or the folks who somehow manage to get great stuff free!
Marie, I think you are right. It is fun, but not very profitable.
It is only because I have time to do it. If I was working, I would not have the time.
I've kept track of all my spending for a few years and it is very helpful in identifying problem spending areas.
Sorry to hear about your layoff. Great job using a spending journal - they really help a lot! -Sydney
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