Friday, April 1, 2011

House Account (Month Eleven)

House Account Monthly is a Meme for Prudent Homemakers, which I host on the first of each month. Find out more about it and then come back to read my check-in.

The Questions:

1. Did you record all your spending this month?

Yes. I worked on it almost daily. 

2. What are your goals for keeping a ledger? (Example - Get out of debt; Get a grip on spending; Teach my children sound financial skills; Be more accountable to my family for my spending, Analyze spending habits, Have a record of our estate, etc.)

I want a financial record of our lives.

3. Do you have a success story to share? (Example - reduced electric bill; paid off a debt; lowered grocery bill; saved for a vacation, etc.) We'd also love to hear your tips and ideas!

The more often I wrote about what was happening, the more my spending slowed down. It was like having a daily reality check.

4. (Optional) How are your children doing with this? Any cute sayings from them, or progress in their financial education?

My oldest son (18) and I discussed debit cards and checking accounts. He has his own budget and his own record book to keep track of his finances. If the children see me working on my bookkeeping, it encourages them to do the same.

5. Any helpful resources you've found? (such as a website, link to an article, or book)

 I want to re-read The Tightwad Gazette but haven't had time. I own the complete book which contains all three volumes. It is an excellent resource.

6. Were you able to put aside some savings this month?


7. Comments or Thoughts?

After doing this for 11 months straight, it has become a habit. I love it!

- How About You?

What ideas do you have to save money? Are you keeping track of all your expenses in an old fashioned ledger book? I'd love to hear about it!

Please share your thoughts, or a link to your blog post,  in the comments section.

Mrs. White

Read my complete History of House Account Monthly.

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