Author Topic: Setting Goals/Tracking Actual Expenses  (Read 871 times)

blue_green_sparks

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Setting Goals/Tracking Actual Expenses
« on: March 19, 2020, 05:39:44 PM »
I was really having trouble tracking expenses leading up to FI. Seemed almost like some money went missing sometimes. Finally I made sure every single penny came out of one single account. The account is funded a regular amount periodically. Looking at it graphically also helps me see trends. Goal is a percentage of our fixed income. We only made our goal because travel plans fell through. I guess I could dive deeper into categories but for now this seems OK and I actually look forward to see how we did on the last day of each month !
« Last Edit: March 19, 2020, 05:53:44 PM by blue_green_sparks »

myobjectivism

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Re: Setting Goals/Tracking Actual Expenses
« Reply #1 on: May 11, 2020, 08:55:51 AM »
Good to see you are doing well by keeping average expenses within your goal.

Did you start diving into each category and analysed spend distribution? There are many budget/expense trackers online with varying degree of detail tracking.

I use Vertex 42 Money Manager excel template and customised it to track multiple years in a single sheet/spreadsheet.
It helps user to track to the lowest detail and ofcourse takes sometime to understand and get used to it.