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How I took control of my personal finances. Simplicity in money saving

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Re: How I took control of my personal finances. Simplicity in money saving

#51
post #50

I 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.

I wrote up my system in another thread - I do almost exactly the same thing, except it's $40 a day for me, my wife and 2 kids. The only difference is we actually "pay out" the money each day, and only spend from what we've accumulated from that day and previous days.

I really like that way of keeping a running tally.

Re: How I took control of my personal finances. Simplicity in money saving

#52
I have two accounts and a spreadsheet.

Money goes into one account, then I work out all my expenses for the month, rent, petrol, food, isp bills etc. This amount is then transferred to my bill paying account. As the month wears on this account is depleted automatically as bills are taken then next month I refill it.

The other account is a play money account. Anything I need/want during the month comes out of this. At the end of the month any left over is transferred into a saving account.

Been doing this for 15 years and it works pretty well for me.

Re: How I took control of my personal finances. Simplicity in money saving

#53
Regardless of whether it is an ad or not: You missed a huge chance by submitting to HN before having the app ready. I find the idea of only a few categories appealing, but if I wanted to do this right now I would probably go look for an app that is available right now. I want to test your app for a week or so, give feedback and move on if it doesn't work. Not too keen on signing up on a mailinglist for an app that will "someday" be ready, unless I'm very excited about it or the app is the first one to solve a specific problem. Attention spans are short!
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