Where does my money go?

Where does my money go?

Keep a record of all of your spending for at least one week. Keep in mind that a week may not be enough time to really determine all of your money habits. You may want to copy this page and keep track for a longer period of time. Write down everything! You should also record how you were feeling at the time. Emotions account for a lot of spending, and you may not even realize it. See the example below.

After the week is up, look at your log. Do you see any patterns developing? What are some of the “triggers” that cause you to spend? Do you see spending habits that you want to change?

Total the amount you have spent during the week. Are you spending more than you actually make? If so, now is the time to take some steps to plug those spending leaks. What kind of steps would you take?

After completing the grid, answer the following questions in one paragraph (the paragraph must have 8 sentences).