Happy New Years, everyone! 2016 is over and it’s now 2017. And with every new year means new resolutions and challenges to achieve!
If we look back on 2016, I have written a total of 4 posts:
While not much, I hope to keep writing for the year of 2017, with a publishing schedule of one post a week on Mondays at 07:00 AM PST.
For 2017, I would like to go more in-depth about:
- Financial Independence/Early Retirement
- Churning and Travel Hacking
- Budgeting and Minimalism
- Net Income Reports
With that said, I’d like to start off this year by challenging myself to budget my spending on-time and daily. This would allow me to understand where my money is being used without any programs or services like Mint or Personal Capital. To do this (and if you would like to join me), I created a spreadsheet on Google Drive.
The layout of the spreadsheet looks like this:
There are a total of six columns (you can add more if you would like): Name, Date, Price, Occurrence, Card, and Description.
With each transaction I make in a day, I would create a new line detailing the item on my smartphone, as the spreadsheet will be available everywhere as long as I have the Google Drive application. This would allow me to track and categorize my spending instantly.
For example, if I purchased a toothbrush from Walmart, I would enter it into the spreadsheet like so:
While it is a simple challenge, the main purpose is to develop a daily habit to track and record where my money goes on a daily or even yearly basis.
With that said, what are your 2017 New Years Resolutions? Do you have anything cool planned out?
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