Do you note down or write the day to day expenses...
By yogambal_64
@yogambal_64 (1014)
India
August 9, 2009 8:29am CST
It is a very good practise to keep a note of the expenses that occur daily, we come to know after months how much we have spent on a particular item when we are in need of it later. I do it regularly noting down the day month and the item with the cost in columns. It also helps me to get an idea of the usage of the item. It also makes me know about the price hikes of essential items.
Do you have this practise?
1 person likes this
7 responses
@surfermac (465)
• India
9 Aug 09
i do write my daily expenses and find that its more money i spend than i earn
@yogambal_64 (1014)
• India
10 Aug 09
So now you can curtail your expenses little and try to do some savings, good day to yu and thanks for yr response.
@divkris (1156)
• India
9 Aug 09
We do have the habit of maintaining a diary to note down daily expenses. I belong to a family of bankers and my father has taught me to keep a regular note of all my expenditure and then have a look at it in the end of every month so that i can know where i over spent :)
Though my father has been telling me this for a long time i was not too worried about it all till i started earning. I also make a monthly budget and then spend accordingly. This way I'm also able to save some amount of earnings
@yogambal_64 (1014)
• India
10 Aug 09
Good job, do continue doing it, it helps you a lot in many aspects. Thanks fr yr response.
@owelm0408 (1011)
• Philippines
11 Aug 09
I usually write down my expenses vs. my income every month for me to know and track my expenses so i can make adjustments if necessary
@bewitched13 (792)
• India
11 Aug 09
Yes i do have the habit of writing daily expenses as it helps me to keep a check on the expenses i make. It is an excellent habit which helps you in forecasting, budgeting and helps you to save money for a rainy day. These small savings help you to invest for your funds after retirement.
I never check the prices of the previous month to know about the price rise. Yes i keep a check on the expenses and curtail them whenever necessary.
Happy mylotting.
@ayushrathi (9)
• India
9 Aug 09
well i used to do this hen i was in hostl its avery good practice but very difficult to keep also i somehow feels it improve memory
@yogambal_64 (1014)
• India
10 Aug 09
Yes it really works out well and a very good habit too, helps you plan things before hand. thanks for your response good day to you.
@daliaj (5674)
• India
10 Aug 09
I have seen my parents doing that sometime. But, they never used to do that all the time. I think it is good to write down the expenses so that we can understand the unnecessary things we bought and cut down on that.
I have never done that. I am lazy to do that even though I know that it is good to do that. I have never seen my husband doing it. He spends a lot especially in resturants and coffee shops.