Where is my money going?
Where is my money going?
Look at your spending habits to help you to determine what changes you can make if any, to meet your future goals.
Little changes can add up to big savings-becoming aware of the financial choices you’re making today can help you find the money to save for tomorrow.
See for yourself by completing the 12 tips for saving in your day-to-day spending [PDF, 2 pages, 54 kb].
Begin tracking your spending
On your bank statements, note:
- Pre-authorized payments that leave your account each month.
- Bill payments.
- Cash withdrawals-where does this money go, what is it used for?
- Debit card purchases.
- Banking and debit fees.
On your credit card statements, note:
- “Regular” monthly expenses like gas and groceries.
- “Extra” monthly expenses like clothes.
- Entertainment expenses like movie tickets.
- Dining expenses like takeout or dinner out.
- Interest payments
Next step: Return to Where am I today?
