Comments on: November 2008 Financial Update

By: MFK

MFK — Sat, 06 Dec 2008 22:07:41 +0000

I used to rigorously track everything against my budget. I would routinely go over in some budget categories and offset by going under in others, so now I dispense with the work of budgeting and just ensure positive overall cash flow.

However, I rigorously stick to my savings goal: save 50% of my net income each month in 401K, after-tax Roth, and liquid savings accounts. This amounts to a little less than saving a full paycheck each month, since 401K contributions come out of my gross income.

By: Moneyblogga

Moneyblogga — Sat, 06 Dec 2008 18:21:31 +0000

@SGM – I find that a spreadsheet works for me too. Mine is pretty simple but it stares me right in the face every time I open it. I track expenses daily right now. Obsessive but necessary.

By: Rufina

Rufina — Sat, 06 Dec 2008 04:25:56 +0000

you right, I think I was half asleep when I wrote my comment, it was 3 in the morning, I have a feeling I woke up from a nightmare involving my work and wrote this :-)

By: SingleGuyMoney

SingleGuyMoney — Sat, 06 Dec 2008 04:16:04 +0000

I track my expenses and income using a spreadsheet I’ve created over the last year or two. Out of all the programs out there, I find this works best for me.

By: nofearingthemoney

nofearingthemoney — Fri, 05 Dec 2008 15:22:30 +0000

No, I don’t track my expenses on a monthly basis. The only thing I track is my personal (my money) savings rate. With how I have set things up,if it is where I expect it to be, then I know the other things are under control. This works for me now, but I have done the intense tracking in the past and it was useful at the time.