Could you really implement one, just one habit into your life to save massive amounts of money in a year?
You can, and it’s not too hard. I did it, and I saved over $11,000 in one year, without really trying to.
What in the world is this magic trick and how can you implement it?
The Excel Spreadsheet
It’s almost December, and I’ve just about completed the second year of tracking my spending on my good ole’ Excel Spreadsheet.
Wait, what? That’s the big secret? Tracking?
Yep. Sorry if you were expecting something more flashy.
But it really is as simple as that.
I started the habit last January (2015), when I wanted more control of my spending trends than my budgeting software was giving me.
Our family has made (and gone over) budgets since 2008, so I’d been keeping a close eye on our spending for many years.
I kept hearing advice that tracking your spending was important to financial independence, so…
I decided to manually track everything in my Super-Duper-Over-the-Top-Six-Sheet Excel Networth Spreadsheet.
And it turns out that manually tracking your spending is enough to change your spending behavior in major ways.