I fell off the budgeting wagon months ago, and haven’t been back on since. I’m still saving a good chunk of money each month, but it’s high time that I drink my own Kool-Aid and start tracking my expenses.
I haven’t been overly impressed with either Money and Quicken in the past, so I needed to find an alternative. After browsing through my big list of free budgeting tools, I’ve decided to try the PearBudget spreadsheet out first. It seemed to be the best candidate for me because:
It’s free, and it won’t stop working after 2 years, either!
It’s offline, so no worrying about importing files or syncing problems.
It’s flexible; I can update every day or once a month, whatever works.
It’s simple. I’m only concerned about tracking expenses. I don’t need any other features to distract me or take up more time.
In fact, there are only 2 steps that require any effort:
I just finished the first step today, which is name the categories you want to track and give some rough estimates. It really did only take 10 minutes.
To help me with the second step, I went out and bought one of those restaurant receipt spindles from OfficeMax for $2. My plan is to get receipts for everything, and whenever I get home to spear them all on the spike. Every day or two, I’ll empty the spike and punch in a few quick numbers into PearBudget. All tax-deductible expenses will be stored in a folder for tax time. Sounds reasonable, doesn’t it? I plan to start tracking in February. I invite anyone interested to join me and discover exactly how our money is spent during any given month!