Master Budget

I keep a master budget for our family spending in order to track all the money that comes in and goes out. 

It is not easy to remember to keep all the receipts for each purchase made or remember when you have paid cash for something.  Equally as difficult is to remember to post income that is extraordinary, such as gifts or reimbursements.  However, in the end, if you keep track of everything in a master budeget you can see month-over-month and year-over-year trends in spending and this information can go a long way in helping you spend you money wisely and on things that matter.

Written by Nagel on July 2nd, 2007 with no comments.
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