How I took control of my personal finances. Simplicity in money saving
1–10 of 53 posts
Re: How I took control of my personal finances. Simplicity in money saving
#2This is basically an ad.
Re: How I took control of my personal finances. Simplicity in money saving
#3This is basically an ad.
Well this is a story about taking control of finances by developinga system that, in the end, translated into an app idea.
2097 word long article where there's 195 words about an app.
Don;t know if it's an ad
Re: How I took control of my personal finances. Simplicity in money saving
#4This is basically an ad.
Yup, but a well done one. He starts by modelling reality according his own view (7 categories of expenses) and then propose his app. I never tracked my expenses, but this "ad" tempted me to do it..
Re: How I took control of my personal finances. Simplicity in money saving
#5This is basically an ad.
Well this is a story about taking control of finances by developinga system that, in the end, translated into an app idea. 2097 word long article where there's 195 words about an app. Don;t know if it's an ad
Re: How I took control of my personal finances. Simplicity in money saving
#6This also works best for me. Write it down straight away. Not some evening, or in the weekend, but right away. I got into the habit because I wanted to save 5 months of expenses before starting as a freelancer.
Re: How I took control of my personal finances. Simplicity in money saving
#7I try to spend around $600/mth on food, gas, drinks and other entertainment. This works out to roughly $20/day. I keep a running tally in my head day to day on what I've spent and try to stay around $20/day.
This is not a great tracking method, but just having the idea of $20/day in the back of my head curbs my spending a great deal.
Re: How I took control of my personal finances. Simplicity in money saving
#8When I was a young single man, I had an effective way to track my personal finances. At the start of the month, I'd calculate how much money I had left over after fixed expenses (rent, internet, etc) and whatever savings I wanted for that week.
I'd then divide that by 4, and 4 times a month, I'd withdraw that amount in cash from my account, and use that for discretionary spending like going out, groceries, etc. That way, I could tell myself by just looking in my wallet: "OK, I went out for drinks twice already this week, I have 40$ left, I'll keep it easy until Monday."
Re: How I took control of my personal finances. Simplicity in money saving
#9I'd recommend a combination of billguard and mint. Mainly billguard, both free. billguard allows you to add your debit/credit card accounts. when you make a purchase, bill guard notifies you. it will group your spending habits into different categories. at the end of every week, bill guard notifies you by email with a message similar to this "you have spent $400 this week etc. etc. going into the app itll show you where the money you spent went to. this is a great way to determine how much money you go through a weekly basis.
Re: How I took control of my personal finances. Simplicity in money saving
#10This is basically an ad.
If people are looking for an app, I'd recommend YNAB
https://www.youneedabudget.com/
It has worked for me. Dead simple philosophy: the money you earn this month you get to spend next month. Helps break the cycle of debt, and also has given me visibility into my daily spending.