As a college student, I try to be conscious of my wallet. To avoid making frivolous purchases, I don’t carry cash with me unless I know I will need it. However, it’s just as easy to swipe a piece of plastic through a machine and end up with an empty bank account after a trip to Target–I can never leave without a cart full of “necessities.”
A few months ago, I decided that I wanted a better way to track my purchases, rather than just relying on a shoebox stuffed with old receipts. I signed up for mint.com by creating an account that was linked to my bank account. I immediately made budgets for myself that were attainable, yet somewhat restrictive.
I’m able to easily compare my spending from month-to-month, making sure that I stay within my budget. I also receive email notifications when I have surpassed my budget; though helpful, I never like to get those emails! I knew that I would overspend in December, but seeing those numbers was a bit shocking. The only benefit? It made me realize that I needed to cut back a bit this month.
With only nine days left in January, I haven’t exceeded any of my budgets (yet!). Seeing only green is always a good thing.
Mint.com is a great resource, especially when it comes to making me re-think constant five-dollar purchases that really add up.
I’m headed on a little road trip this morning—one that will seriously challenge my spending willpower—but I’m hoping to catch some of the Ravens game!
Can you go to Target and come out with only the things on your list?
How do you save money or track your purchases?
Are you watching football today–who are you cheering for?