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I've been kind of slack in the past year regarding recording expenses and adhering to a budget. For a few months a couple of years ago, I followed the "Your Money or Your Life" technique of writing all my money inflows and outflows. That worked great for me, not only making me more conscious of what I'm spending on but deterring me from spending, as well. Writing out each expense was tedious!

I'm getting back to basics too! I'm re-reading YMOYL and I've started recording every penny spent. I've always used a rewards credit card for virtually all purchases, but I'm wondering whether I'll spend less using cash (studies apparently show one does).

I'm also using a budget (Oh my!! What a concept!) I have never stuck to one before, I've always just tried to minimise expenses. I don't know if it will make much difference, but I know I need to meet certain savings targets to reach my FIRE goal. What is interesting is that my brain keeps trying to save from my budgeted expenditure! I'm always looking at categories thinking, "I could save another $xxx from that, I could not spend as much on xxxx". I'm sure I will spend less than the budegeted amount initially, but I fully expect that over time, things will have to normalize.

Anyhow, goodluck with going back to basics. My fat lil' notebook and I are right there with you!


PennyRecordingBeastie
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