Comments on: A big reason why you should track your expenses–money flows are complex http://mindyourdecisions.com/blog/2009/01/08/a-big-reason-why-you-should-track-your-expenses-money-flows-are-complex/ Articles on game theory and personal finance Thu, 09 Feb 2012 18:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Why don’t people track expenses? [Poll results] - Mind Your Decisions http://mindyourdecisions.com/blog/2009/01/08/a-big-reason-why-you-should-track-your-expenses-money-flows-are-complex/comment-page-1/#comment-12032 Why don’t people track expenses? [Poll results] - Mind Your Decisions Thu, 13 Oct 2011 05:02:51 +0000 http://mindyourdecisions.com/blog/?p=1156#comment-12032 [...] tracking their expenditures. As I have written about before, tracking expenses is important because money flows are complex, and even the richest American liked tracking [...] [...] tracking their expenditures. As I have written about before, tracking expenses is important because money flows are complex, and even the richest American liked tracking [...]

]]> By: P http://mindyourdecisions.com/blog/2009/01/08/a-big-reason-why-you-should-track-your-expenses-money-flows-are-complex/comment-page-1/#comment-4333 P Thu, 08 Jan 2009 22:59:20 +0000 http://mindyourdecisions.com/blog/?p=1156#comment-4333 I tend to be overly frugal, so I setup a reverse budget. Paycheck arrives into high interest checking account. From there it divides into savings account. Savings account divides into broker account. What remains in checking account is fair game to spend. I tend to be overly frugal, so I setup a reverse budget. Paycheck arrives into high interest checking account. From there it divides into savings account. Savings account divides into broker account. What remains in checking account is fair game to spend.

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2009/01/08/a-big-reason-why-you-should-track-your-expenses-money-flows-are-complex/comment-page-1/#comment-4332 Presh Talwalkar Thu, 08 Jan 2009 22:51:32 +0000 http://mindyourdecisions.com/blog/?p=1156#comment-4332 Great idea--I like your automation and I'm going to suggest this to a few people I know right now. Great idea–I like your automation and I’m going to suggest this to a few people I know right now.

]]> By: DrObviousSo http://mindyourdecisions.com/blog/2009/01/08/a-big-reason-why-you-should-track-your-expenses-money-flows-are-complex/comment-page-1/#comment-4326 DrObviousSo Thu, 08 Jan 2009 16:01:45 +0000 http://mindyourdecisions.com/blog/?p=1156#comment-4326 Couldn't agree more. I hadn't though of the flow chart, but I use GNUcash and google calendar. Every saturday, and event pops up to tell me to do my weekly reconcile, along with any special actions (pay off credit card this week, xfer to savings this week, etc). If I don't get to it, I reschedule that event. Seeing where my cash goes has helped me to curb dumb spending and spend a lot more on things I want and save more. I hadn't though of making a flowchart, but I really like that idea. It'll also help me explain everything to my wife... Couldn’t agree more. I hadn’t though of the flow chart, but I use GNUcash and google calendar. Every saturday, and event pops up to tell me to do my weekly reconcile, along with any special actions (pay off credit card this week, xfer to savings this week, etc). If I don’t get to it, I reschedule that event.

Seeing where my cash goes has helped me to curb dumb spending and spend a lot more on things I want and save more.

I hadn’t though of making a flowchart, but I really like that idea. It’ll also help me explain everything to my wife…

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