Message Font: Serif | Sans-Serif
No. of Recommendations: 0
The best thing I did [almost 30 years ago] to save money was to write down EVERYTHING I spent for 2 months. That means everything IN DETAIL - every item from the vending machine, every beer after work, every magazine, everything. I even broke down "groceries" into food/necessities then each non-essential was listed separately.

Yes, it took some time but it was only for 2 months.

When done, I reviewing and summarized the list. I was amazed at the unnecessary things I was buying and how much they were really costing me. Even before I summarized things it was becoming obvious where some of the issues were. That changed my spending habits permanently. (OK, they got a little lax over the years but I'm pretty sure I have more to spend now as a result of that one exercise.)
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.