Repeat after me: track or you will fail.
It doesn’t matter if it’s money, or fitness, or watering your plants, if there is something you want to accomplish and it takes more than a single step to get there, you need to build awareness of where you are relative to where you need to go.
A few weeks ago, I talked about what happens when you don’t track your spending on vacation. The answer, in few words, is that you spend way more that you expect to.
“But why does that matter? I mean, it’s vacation after all.“
True, but you don’t want credit card bills as souvenirs.
“I didn’t use credit cards. I had the money.“
Yes, but what if I told you that you could enjoy your vacation just as much if you tracked your spending and spent less? Because that extra money we spent didn’t materially make us happier or change the trip. It was unintentional spending, the kind you don’t notice.
And what is the pleasure in spending money when you don’t notice it?
So this past weekend, my partner and I had plans to head down to Southern California for a long weekend. And this time, we agreed on the rules: create a budget together, check on it every night, and stick to it.
And since it’s more real if actual numbers are involved, I’ll tell you what we budgeted for.[Read more…] about Real numbers: Budgeting for a weekend away