How To keep Track of Your Money in a notebook | Money tracking Financial Bullet Journal

How To keep Track of Your Money in a notebook | Money tracking Financial Bullet Journal


I tracked my income and my expenses in
this notebook for months what did I learn and was it useful
find out in today’s shaggy’s ideas so a so a little bit of a backstory why did I
decide to track my money. I had like at least 50 more bucks in my wallet
I don’t remember spending that much money where did I spend it to evade that
feeling and also this one hey boy what’s going on man that’s right it’s Friday
let’s go out let’s go have a good time let’s go eat and let’s bring those girls
you know let’s have a good time and of course we gotta bring those girls seven
sounds good okay I’ll see you right there Yo man um do you mind going to
Burger King instead? BRUH that sucks when it happens you know what else sucks not
smashing the like button for the YouTube algorithm but for real though it’s a
problem wand we got to fix that the solution well as you’ll see in the video
maybe it was tracking it but what were the benefits I received from tracking my
expenses and my income number one you know exactly how much money you actually
have number two and lets you see where you’re overspending number three it
lets you see how often you make certain payments number four it’s much easier to
budget if you actually have a clear idea of how much you’re earning and how much
you’re actually wasting you know if you measure it well you’re gonna be able to
budget accordingly you know you can save some for like investing you can save
some for emergencies you could save some for you know your guilty pleasures or
whatever you want to waste your money on for the bills and of course you save
some for your needs and number five you actually get to keep track of how much
money you owe on your credit card you get to keep track of when was the last
payment what items you bought where when and you’re gonna notice if something
is off so how did I track my money and how can you it’s simple really
but let me show you. Okay it’s super simple you start with a blank piece of
paper then you just start with the date I like putting a triangle or a little
bulletin before the date just so I know where we’re at
after that’s all set and ready I like putting under that (T$)=total cash and OC which stand for total cash and owed credit under that I actually put well my
total cash that I have in hand and the amount of credit that I owe like after
that I like putting OC on the old credit section to differentiate that amount of
money and value this is just an example so here’s an example of what happens
after that let’s just say I was out all day and then I put $20 on my credit card
on the Shell gas station right I could even put the town or the area so I put
minus $20 and then I put credit so I can know and differentiate the fact that
it’s on the credit card and not with cash after that in this example I paid
$9.86 in cash for a pizza at Domino’s after that let’s just say I went to the
arcade with some friends and I wasted three dollars and fifty cents in cash
with arcades and then I put all that with a – because that was deducted from
my amount or added to my owed credit in this case with the credit and then plus
60 in cash because in this example I withdrew money from the bank and then
plus twelve dollars in cash I earned as a tip at work okay that’s great now this
one over here is minus eighty dollars cash that I paid on my OC or in other
words my owed credit that amount is gonna be deducted from my total 500 and
my total OC because I’m paying that amount of cash but I’m also deducting
the amount of credit that I owe so after that you add and you subtract all you
have to do you have to add anything that you earn during that day that’s a 60
bucks right here and the tip that you earn from work that equals 72 dollars so
you add that that’s $572 you paid $80 on the owed credit so that’s
subtracted $492 – $13.36 from the pizza and arcades making your total $478 and 64
cents that’s how much total cash you have from now on
Owed credit you have a hundred you paid $20 in gas with your credit card so you
have to add that to the amount of money you owe on your credit card now you have a total
of a hundred and twenty dollars in credit that you owe and you paid eighty
dollars making your total old credit for the day $40 and then you just add your
results at the end if you start another day in a new sheet of paper you start
you rinse and repeat the date and then the total cash you add the new value and
on owed credit you also add the new value that way you can maintain a
correct tracking of how much money you actually have how much you’re spending
and overall not get lost and have that feeling of where did my money go. so that’s basically the gist of how I track my expenses my income and you know my
money in general definitely try it out and let me know how your experience goes
like some people might find it stressful I don’t I find it relieving knowing how
much money I actually have in my hands and how much I’m spending and that way I
become more aware what I’m overspending at like I don’t know maybe
I have a pattern of spending too much money with friends on Friday that
doesn’t mean you have to stop going out on Friday maybe you just have to go eat
somewhere else somewhere cheaper or maybe skip out sometimes and not go as
frequently maybe instead of every week every two weeks you know little things
like that you could track things better by paying attention to how much you’re
spending and how much you’re actually earning I personally enjoy doing it I
haven’t stopped since the moment I started so I don’t know I find it
amazing in the comments let me know if you’re gonna be trying this out or have
you ever done anything similar like this if you enjoyed this video make sure to
smash that like button it really helps me out with the YouTube algorithm and
consider subscribing for more self-betterment videos like this one and
also consider checking out any of the videos on this
side this one is one YouTube say you should watch and this one on the bottom is one I
picked just for you

Daniel Ostrander

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2 thoughts on “How To keep Track of Your Money in a notebook | Money tracking Financial Bullet Journal

  1. Julia's Daily Growth says:

    This is actually very helpful thank you! I definitely feel like keeping track of my money gives me relief. I've been trying to get started on budgeting, but I felt like I didn't know what I was doing. But you've pretty much cleared it up for me so thank you! I'll start trying tomorrow!

  2. Alamsyah bobi says:

    succses to you..😊

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