Weill it’s coming up to that time of year again, where for a month I go through the exercise of tracking every cent we spend. It’s good to do this for a couple of months a year just to ge a handle on where your money is going!
The software I use to do our tracking http://www.mybudgetplanner.com/Â is great. It’s simple to use and once you get the hang of it, you can see where every cent is spent and you can also set yourself a budget and track your spending against the budget!
Doing this all the time is really painful, so I just pick a couple of months (usually the quieter months in the middle of the year) for a budgetary review.
I think that it is very important to budget all the time. I have always heard that we should keep a budget every month and try to keep up with it about once a week to make sure we are sticking to it.
For most people, if they don’t budget every month then they will get way off of their budget plan.