Do you record down your expenses or spending ....?

@lazeebee (5461)
Malaysia
September 17, 2008 10:08pm CST
Since young, I always have a notepad or book, that I would record my expenses either weekly or monthly. I've been doing this for umpteen years. Whatever I spent or used, I would record down. This way I would have a rough estimate of my own expenses - books, shopping, meals (at work), petrol & toll, monthly allowances to my parents and miscellaneous expenses - and my balance. This helps me work out my monthly budget - how much I would need, or how much I could save. Do you do this too? Or how do you work out how much you need or spend each month?
2 people like this
7 responses
@aseretdd (13730)
• Philippines
18 Sep 08
I used to do that when i was younger... since i need to budget the allowance given to me by my parents... but eversince i started working... i stopped doing it... i developed this sense of memorizing all the expenses that i made for the day or week... so i know when i have already exceeded my budget... or when i am still on it...
@lazeebee (5461)
• Malaysia
19 Sep 08
Wish I have a memory like yours - if I lapsed in my recording for more than 2 weeks, I would not be able to remember what I've spent on; and my budget would go haywire! Thanks for responding and have a great weekend!
@jammyt (2818)
• Philippines
18 Sep 08
I try to do this but somewhere along the way, I start forgetting and then I just stop. Then I start the whole cycle again. LOL! Everyday i try not to buy stuff I don't need. Just the basic, my food. I buy some shoes and clothes once in a while. .. but that's very rare.
1 person likes this
@lazeebee (5461)
• Malaysia
19 Sep 08
Hi, I started from young, so this recording is in my system. Sometimes I am lazy, and just let the recording lapse. Then I would get anxious and go back to my notepad, and fussed over the amount and balance, sometimes forgetting what I've spent and on what items! Thanks for responding and have a great weekend!
@lkbooi (16070)
• Malaysia
18 Sep 08
Hi lazeebee, during those younger days I used to write down all the expenses I had made in an account book. It didn’t matter how much I had spent for the stuff. I haven’t made any record for this anymore nowadays. I only keep those receipts which I have received when purchasing goods in files for further reference. From my umpteen years of experience I know roughly how much I would spend for the commodities and groceries weekly, so I don't have to take the trouble to make any record on expenses anymore. posting and take care.
1 person likes this
@dhangski (3194)
• Philippines
18 Sep 08
I do record all my expenses specially my husband is working abroad. So that he will also know where did I spend the money that he is giving us. He often ask me so I have to file all the receipts and bills.
1 person likes this
@lazeebee (5461)
• Malaysia
19 Sep 08
Hi, you are more methodical than me. I just record; but seldom keep the receipts and bills! Thanks for responding and have a great weekend!
• India
18 Sep 08
I do not but my elder brother now retired and is aging above 65 has the habit to record every peeny he earn and spend. He has a diary to write on day to day basis. Some time I do not like his this habit. But now I am thinking he was right and still he is right. It is necessary to keep a record of what we earn and what we spend. By this we can plan our budget also.How you see it please comment and have a nice day.
1 person likes this
@lazeebee (5461)
• Malaysia
19 Sep 08
Hi, I suppose your brother, since he is retired, would want to know how much he spent and for what items. Daily recording is a bit tough - I tend to forget, or sometimes got lazy...so the weekly recording. Thanks for responding and have a good weekend!
• Philippines
19 Sep 08
No I don't take a record of my expenses, I tried that once but I can't keep track to all my expenses so I decided to stop.
• United States
19 Sep 08
yeah i do that.. i record everything and i also set aside a certain amount every month towards like food, medication and gas so that i dont end up being broke and needing to buy one of the three.. it can be confusing to look and make sense of my notes but oh well.. im the only one that looks