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How do you keep track of your money?

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How do you keep track of your money?

Old 11-04-04, 10:46 PM
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How do you keep track of your money?

ah, yes such a wideopen question. hopefully it will lead to the answers I seek.

I recently realized that a better way must exist for me to ledger my bank account. I only use my check card for purchases, avoid cash if I can, and have no credit cards. Thus I run through paper check registers quite quickly, and on occasion forget to log something or screw up the math if I'm tired or whatever.

I was thinking about making something in excel, but then figured that perhaps programs like this must exist. Or folks have made templates which work well and cost very little (or free )

Mostly though, I realized I couldn't remember how to make one column (balance) add and subtract from two columns (debit/credit). Very sad really, clearly been some time since I played with excel.

So what do you folks use?

Pen and paper?
Check register?
Some computer software?
Napkins?
Nothing?

Suggestions? Help me escape the standard bank issue register!



Please
Old 11-04-04, 10:49 PM
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Internet banking
Old 11-04-04, 10:51 PM
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Nothing. Everything's in my head. I don't have a lot of money to keep track of so it's easy. Even when I make out checks (which is rare), I don't use a register.

EDIT: Oh yeah, that internet thing works pretty well also.
Old 11-04-04, 10:56 PM
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Originally posted by the aftermath
Internet banking
My bank offers this, and I use it to match up to my register, however for some reason I feel like if I went to it exclusively I wouldn't feel comfortable. Is that retarded? It is isn't it? Huh, it does take a day or two before stuff is posted as well, which I guess kinda annoys me.

I like the option of being able to open something up and see exactly what I've got, and not worry about things that haven't cleared or posted yet.
Old 11-04-04, 10:57 PM
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Quicken plus internet banking = no bounced checks!

It's the best way to go.
Old 11-04-04, 10:57 PM
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Originally posted by Crazy_Roper
Nothing. Everything's in my head. I don't have a lot of money to keep track of so it's easy. Even when I make out checks (which is rare), I don't use a register.

EDIT: Oh yeah, that internet thing works pretty well also.
I certainly don't have a lot either, however I'm not confident in myself to remember what I have.
Old 11-04-04, 11:01 PM
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Originally posted by Kittydreamer
Quicken plus internet banking = no bounced checks!

It's the best way to go.
quicken seems to be nice, but a TON of stuff I wouldn't use for the price it goes for.

all I want is a software version of a register.

just checked my online banking site, and I can export to Quicken and MSMoney.
Old 11-04-04, 11:14 PM
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I have used MS Money since my 1st computer in 1994. Before that, basically nothing but calling the bank to get the last 5 cleared transactions.
Old 11-04-04, 11:20 PM
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corrie handles it
but she uses quicken to detail every single penny we spend
Old 11-04-04, 11:23 PM
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Originally posted by db27


I like the option of being able to open something up and see exactly what I've got, and not worry about things that haven't cleared or posted yet.
I guess I'm kinda opposite in the sense that I DON'T want to know what I have (or don't have) money-wise. I get depressed.

True, there is a 1-2 day delay on the internet banking as far as charges posting. I just factor that in my head.
Old 11-04-04, 11:25 PM
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Re: How do you keep track of your money?

Originally posted by db27
So what do you folks use?
My wife.

If it was up to me, we would be constantly overdrawn. I have no concept of financial responsibility.
Old 11-04-04, 11:27 PM
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Re: Re: How do you keep track of your money?

Originally posted by antennaball


If it was up to me, we would be constantly overdrawn.
Old 11-04-04, 11:34 PM
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I have an excel spreadsheet that I enter all of my income and receipts into, tracks my credit card levels and gives me a total "Net" of the money I have, which I always keep positive (no debt). I pay my credit cards off every month.

It has seperate pages for each of my bank accounts / credit cards so that I can always see the balance of each one in real-time (vs a statement) and I know when I need to transfer money from an account to cover a bill, etc.

It also has a page to mark when I have paid each monthly bill so that I don't forget, has a budget for eating out each month, and our decided entertainment budget. Once one of those categories is full, I'm cut off for the remainder of the month.

It also gives me an estimate of the tax I will owe at the end of the year and sets that amount aside before reporting my Net so that I don't overspend and get hit with taxes later. It automatically deducts my tithe and a designated vaction fund / savings.
Old 11-05-04, 01:04 AM
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Originally posted by Kittydreamer
Quicken plus internet banking = no bounced checks!

It's the best way to go.
Yes it is! I HAVE to have my Quicken....

The only physical check I write is my rent check.

I also have an excell spreadsheet setup for monthly income and expense set in advace months ahead.

Last edited by MJKTool; 11-05-04 at 01:06 AM.
Old 11-05-04, 01:07 AM
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I spend money until the bounced check notices start arriving. Then I stop spending until payday.

Wash, Rinse, Repeat
Old 11-05-04, 01:10 AM
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i don't because i know that my hobbies are draining me dry
Old 11-05-04, 01:17 AM
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i keep all of my money in gold coins, i hope to swim in it one day a la scrooge mcduck. the three coins i have right now just gives me a headache when i dive in and hit my head on the floor.
Old 11-05-04, 01:20 AM
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Old 11-05-04, 01:33 AM
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I spend less than I make, so I don't bother keeping track. I'll scan through the bank statement every month and see if anything looks out of place or incorrect, but beyond that I don't care. There's never been a mistake so far.
Old 11-05-04, 01:38 AM
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I have several accounts like personal, rental, and business. I just use a checkbook. I put the rental account and business account into Quickbooks once a month because my accountant likes it, but otherwise just pen and paper.
Old 11-05-04, 01:54 AM
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Originally posted by Otto
I spend less than I make, so I don't bother keeping track. I'll scan through the bank statement every month and see if anything looks out of place or incorrect, but beyond that I don't care. There's never been a mistake so far.
Ditto... ever since I started making enough that I don't live 'on the edge' of my finances, I just glance at the balance every once in a while to make sure i'm not too low. Oh, and keep an overdraft line open just in case...
Old 11-05-04, 02:42 AM
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check my bank and credit card balances daily.
Old 11-05-04, 03:41 AM
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I can access almost all my bank accounts online and constantly update the Excell spreadsheet I use.
Old 11-05-04, 04:11 AM
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I keep track in my head with a running total. At any given time, I could tell you within about $50 of how much is in my account. I do check my balance via web and by phone every few days.
Old 11-05-04, 05:43 AM
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I use quicken and a fair amount of it's features. It's rare that I have to manually post anything other than a check I write. However, I do not use their billpay because it is not worth the fee as my bank does it for free.

I don't know how many use the tax planner and retirement planners, but they are nice to keep track of things and make tax time a lot easier....

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