Thursday, 15 May 2008

Saving Money



There are a lot of good ideas about how to save money: pay yourself first, have money taken off your paycheck and deposited into another account, or use methods described in books like Rich Dad Poor Dad or Your Money or Your Life.



I keep a graph of how much money I make and spend a month. I always have.


I have a table as well that I can compare various expenses on a monthly basis.



Does it help me save money?



Not really, but it keeps me aware of where my money goes.



The graph is on a piece of paper pinned on a corkboard. I know I could do it on the computer, but I like to physically write in the numbers and draw the lines.



The following is not my graph, but a reasonable interpretation of my financial status:


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