How much time do you spend budgeting and tracking spending?
September 14, 2011 5:09 PM Subscribe
How much time do you spend each week or month budgeting, tracking spending, thinking about your money, paying bills, etc.? These are tasks that I hate, and I , therefore, do not dedicate enough time to do them.
Right now money comes in (paychecks are automatically deposited into my checking and savings accounts) and money goes out (bills are paid automatically by my banks and I spend cash and use my debit card). However, I'm not tracking everything I spend (I know that I should be), and I'm not budgeting for the future. I have a (very) small savings, but basically live paycheck to paycheck. I know that tracking spending and budgeting are the way out of this trap, but I'm loathe to get started (again--I've tried before), because of how much time I anticipate it will take.
If you are tracking spending and budgeting on a regular (weekly?) basis, how much time does this activity take in order to have a clear picture of your finances and adequately plan for the future? Thanks in advance for your replies.
posted by buddylove to Work & Money (21 answers total) 42 users marked this as a favorite