This is a guest post from Sheryl (a.k.a Cdn Gwen) in Ontario, who is 40 years old with a grown daughter, and is trying to rebuild her retirement dream just 20 years too late for early retirement.
I am looking for a free (or very inexpensive, and only if it is really worth it) spending tracker.
I have tried doing a budget (a la Dave Ramsey style), but have always found I do better to just know how much I have available to spend (i.e $200.00 for the next two weeks) and stay within that. I figure that as long as my fixed expenses are paid, and my debt has decreased, I’m on the right track.
I would like to take this a step further and start analyzing where my money goes. I’ve been playing with a few free programs I ‘ve come across, but they are not quite what I’m looking for. I would like a spending tracker that I can customize the categories, don’t have enter a “budget” at the beginning of every month, and preferably something that I can keep a running tab of my net worth. Something that I could compare month over month would be nice to have as well.
I’m not a compulsive spender, however, sometimes I feel I can do better, and I believe I have to know where I am to be able to make a plan to get where I want to go.