How Do You Track Your Finances?

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DM_NYC
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How Do You Track Your Finances?

Postby DM_NYC » Wed Jan 08, 2014 11:22 pm

I'm always curious as to how I can improve my current systems. So tell me, how do you keep track of your finances?

Are you using some type of software like Mint or Quicken?

Are you using something simple like an excel spreadsheet?

Are you keeping it old school and using a pen and pad?

I would love to know what kind of system you're using. Thanks!


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otter
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Postby otter » Wed Jan 08, 2014 11:39 pm

DM_NYC wrote:I'm always curious as to how I can improve my current systems. So tell me, how do you keep track of your finances?

Are you using some type of software like Mint or Quicken?

Are you using something simple like an excel spreadsheet?

Are you keeping it old school and using a pen and pad?

I would love to know what kind of system you're using. Thanks!


I used to use mint.com, but over the past six months or so... I use personalcapital.com.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

PhoenixDown
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Postby PhoenixDown » Wed Jan 08, 2014 11:43 pm

I started using Mint and Quicken to download transactions in attempt to get more granular on where I am spending my money but macro level I am tracking it in excel.

MemberSince99
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Postby MemberSince99 » Thu Jan 09, 2014 6:39 am

I probably sound like a freak, but I don't. It's not like I'm some corporation with bean counters forever questioning every expense and trying to look at how I can save a few pennies on purchases of X for example.


For me personally it's not worth the effort. I'm accountable only to me, I don't need to file expense reports on the weekly gas and grocery spending, if I want to save money I use coupons and sales, and so on.


And also it's not like I'm wealthy and have so many finances that I need anything to do that with anyway as well.


So for me it wouldn't gain me anything except more work. I have thought of using Mint I just don't see what I would gain from it.

Mrm-na
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Postby Mrm-na » Thu Jan 09, 2014 8:43 am

At one time I tried to learn Quickbooks and Microsoft Small Business Accounting. Unfortunately that class of software requires the use of that insane double entry bookkeeping stuff, and I couldn't get my head around it. I tried, I read tutorial after tutorial but it just kept making my head hurt. I felt like I was studying to be a damn CPA. I have an impossible mental block on that stuff, it's overkill for my needs, the IRS doesn't require me to do it, and I wanted to keep things simple.

For a little over a year I used Quicken, but I got sick of babysitting it. I had daily transactions that would always be imported incorrectly, and I couldn't find a way to truly fix the problem. I kept having to edit entries by hand, and it got tiresome.
It also didn't work with Google Checkout, and had off and on (weeks or months at a time) downloading problems with Paypal. I don't know who's fault that was, but I didn't care, I just wanted it to work. I decided that program was more trouble than it was worth.

I used a text file for a while, and then I moved it to Excel. That's what I use now. All my spreadsheets start as text files because at the time of creation, I'm lazy and don't think it will get that complicated. Then I always end up deciding a spreadsheet would be better.

samhradh
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Postby samhradh » Thu Jan 09, 2014 9:54 am

I just try to live within my means. I don't have a budget, just a general idea of my expenses vs income each month. I check my credit card and bank activity at least twice a week. I used to use mint but not anymore.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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jumbo
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Postby jumbo » Thu Jan 09, 2014 10:44 am

Like samhradh, I check my credit card and bank activity regularly. As long as all the transactions were done by me, I am fine and don't really track the income/spendings.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card

Dylan1982
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Postby Dylan1982 » Fri Jan 17, 2014 12:23 am

I still use my checkbook and register. Love it. Plus I have my budget laid out using Excel.



Those of you using Excel, I am curious, could you post up your spreadsheet that you've created? Maybe we can learn some new tips or tricks from another members POV..
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

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Z06Biker
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Postby Z06Biker » Fri Jan 17, 2014 1:38 am

I use moneywiz. Syncs up instantly across all my laptops and iPhones. Android is getting their version in a couple months, I've read.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

benhollberg
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Postby benhollberg » Fri Jan 17, 2014 10:55 am

I don't track my personal expenses. I don't spend a lot of money personally so it isn't a big deal to me. However, I do keep track of finances for a small business and I after that I couldn't or want to do it personally. Too much work.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
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