Prime Parents Club

#DoIn52 Week 3: Track What You Spend

 

#DoIn52 Week 3 Track What You Spend for 1 WeekHave you ever had cash in your wallet or money in your account and you get to the end of the week and think, “Dang. Where did all that money go?” And, chances are, you won’t remember most of it.

#DoIn52 Week 3: Become More Aware of What Your Family Spends

For our third week in Do In 52, we want your entire family to become more aware of what you spend in one week by tracking it–all of it! So, grab a notebook and an envelope for each family member who is old enough to spend and get at it. Just have people log what they bought and the amount.

The rules are easy:

Save a receipt or write down in your notebook every single thing you spend money on for seven days straight.

Spend $120 at the grocery store? Write it down.

Spend $20.01 at the gas station (come on, we know you go over when trying to stop on the .00 mark), save that receipt. Pay the electric bill? Log it. Buy a pack of gum at the school event concession stand? WRITE IT DOWN. (Yes, we are totally serious.) Order an Amazon book that auto-bills your account? Yep, you have to track that, too. Anything that comes out of your personal funds, you need to track it for the week.

Part of the reason that people have such a hard time with budgeting and saving money is that they don’t realize exactly what they’re spending, especially on little things that can add up fast. At the end of your seventh day, collect all the receipts and notebooks from everyone and add it up. We’re pretty sure that you’ll find some corners you can cut immediately, and then probably some things you can work on longterm.

So … get to tracking!

Get In on #DoIn52

It’s never too late to start! Each of our challenge prompts are made so that you can join at any time and start changing your family 2013!

#DoIn52 Week 1: Technology-Free Evening

#DoIn52 Week 2: Drink More Water

Jacqueline Wilson is: Appalachia Advocate~Supporter of Women~Writer~Accidental Pit Bull Advocate. Founder and executive director of Monkey Do Project and co-author of 50 Shades of Frayed: What Happens When 'I Do' Becomes 'Not Tonight': A Humorous Mompilation.

2 Comments

  1. Tamara

    January 25, 2013 at 6:13 pm

    This is one thing that has always driven me nuts. My husband tracks everything in and out, not stingy or anything just so he can keep track of everything. Now it makes so much more sense. :) thank you

    • Prime Parents Club

      January 27, 2013 at 7:28 pm

      Ya know, it really isn’t my personality to do this either. However, after doing this for just one week I really was more aware of what I was spending. For example, it’s really easy to pick up those “2 for 1″ or “10 for 10″ deals at the grocery store, but doing this made me really stop and think “Do I really need that stuff?” It was also good because I was more aware of eating out (on the run) with the kid that week, too! /jackie

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