Monday, December 10, 2007

Some thoughts on "Resource Management"

This post is in reply to a previous post on benjaminhowe.com titled "Resource Management." I was going to leave it as a reply but the thoughts held as some good ones to post instead.

Another thought to consider less transactions means less record keeping. It sounds like you are considering work as well as personal, but I find with personal spending the less I spend the easier it is to keep track. Lumping things into one "shopping day" might help because it decreases impulse spending if you are tempted to buy something and it is not "shopping day" I had a similar system to that on the mission that helped me save quite a bit of money. Snacks for example are a lot cheaper when planned instead of just grabbed. I really like quicken and internet banking I make it a point to "balance my checkbook" constantly by constantly I really mean it and more than I should sometimes I will check on the internet review any transactions that have cleared and put them in quicken and make sure it has the same amounts as the bank is recording. Any set expenses you can also put in quicken as soon as they are known and the balancing technique helps to catch ones you might have forgotten and quicken gives you future tidings when you put the bills in ahead of time about where the account stands before and after the bill.