Tracking expenses are one of the fundamental steps anyone can take to help get a handle on where their money is going. It’s a step I alway recommend when asked for advice on how to get started getting financial organized.
Well, after last month’s net worth update it’s clear I need to follow a bit of my own advice. A comment by Fervent Finance struck a chord:
I like his bluntness and here is how I interpreted his comment. Hey, congratulation on all the celebrations, but dude your cash reserves suck.
I’m fully aware. It’s the main reason we ditched a large expense in traveling to the West Coast this summer and opted for a smaller local road trip. That’s, however, is just a single step in our process. I’m getting back to basics. With my Excel spreadsheet and personal capital account in tow, I’m digging into our expenses to figure out what the heck is going on.