Finance Tracker: June 2013

June 2013 wallpaper

Every month during 2013 I have chosen to keep track of my financial life. June turned out to be a great month despite a couple of unexpected expenses as well as a family vacation. Our income was higher than average thanks to some beefy royalty payments.

If you’ve never tracked your spending down to the last dollar, I highly encourage you to give it a shot, even for just a month. The results may surprise you.

Alright, enough of that. Let’s see the numbers. Continue reading

Finance Tracker: May 2013

May-2013-WallpaperAlright, so I’m way behind in posting these Finance Tracker updates. Rest assured that I have continued to track my spending and income. I obsess about it, actually, and tend to immediately add entries to my spreadsheet as they occur instead of waiting until the end of the month to compile them all. My laziness has been in composing these monthly posts, not in tracking the data. That laziness ends now!

No more chatter. Let’s see the numbers. Continue reading

6-Month Baby Update – A Quick Note on Challenges and Costs

Baby IM at six monthsSix months ago our little baby boy was born. In many ways, these have been both the longest and shortest six months of my life. My wife and I have laughed together, cried together, and marveled as we watched him progress from a crying, pooping paperweight to a somewhat-mobile, somewhat-interactive sleep-fighting machine. At six months, he has begun to show signs of a developing personality, an insatiable curiosity, and even a sense of humor. Baby laughs are one of the most precious and endearing sounds imaginable. Continue reading

Finance Tracker: April 2013

April 2013 calendarEvery month – at least in 2013 – I keep track of my expenses and income down to the last penny. April turned out to be the most-expensive month to date, mostly because of taxes and some dental work. My savings rate suffered as a result, though at just under 50%, I can’t beat myself up too much about it.

I challenge you to keep track of your spending, even for just a month. You can use my amazingly detailed finance tracker (Google spreadsheet). The numbers are revealing, and sometimes terrifying. Speaking of which, let’s do the numbers. Continue reading

Finance Tracker: March 2013

Calendar-2013-MarchEvery month during 2013 – as part of my New Year’s resolution – I am keeping track of my monthly expenses and income. March turned out to be the best month yet: despite a long driving trip to visit family during spring break, the IM family’s savings rate was the highest we’ve seen so far.

Keeping a detailed list of all expenses is eye opening, as it shows you exactly where all your money is going. I encourage everyone to give it a shot, at least for a month. You can use my badass expense tracker (Google Spreadsheet) to help.

Let’s do the numbers. Continue reading

Finance Tracker: February 2013 Results

Feburary 2013 iconEach month – at least during 2013 – I have resolved to track all my household spending using my nifty expense tracker (Google Spreadsheet). February turned out to be a pretty good month, as my expenses were lower than January and my income was higher.

If you have never tracked every penny that left your wallet, I encourage you to give it a shot, at least for a month. The results can be eye opening and even embarrassing.

Let’s do the numbers. Continue reading

Finance Tracker: January 2013 Results

Grumpy cat new year

Happy New Year.

At the end of 2012, I resolved to track all of my spending for the coming year using my nifty expense tracker (Google Spreadsheet). As suspected, it had an immediate effect on my spending level – the looming and ever-present task of having to manually write down each purchase made me think twice before whipping out my credit card. As a result, I feel confident that we spent less than if we weren’t tracking our spending at all. I encourage you to give it a shot, even for just a month.

Without further ado, here are the numbers. Continue reading