11. Track your outgoings
‘Don’t fall into the trap of convincing yourself that the bad habits uncovered…are just a one month aberration.’
Right, we’re tightening belts. Just how tight will vary with your circumstances. Some people may already be behaving carefully, others may be surprised by just how much money they can get through in a month. That’s got to be the starting place – what are the implications of not knowing how much you’re spending month by month and what are the benefits of keeping a daily spending diary?
Realistically, it’s not easy to keep track of what we spend, particularly as we often use credit cards for day-to-day expenditure like the supermarket shop. Credit cards can be helpful additions to our financial ...