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Tracking my Debt

May 9th, 2007 at 07:57 pm

I saw some posts here about debt and their progress in paying off their debt. So I thought of doing the same. I would like to get out of debt ASAP or, more realistically, in a few years... so that is my main goal now. I have also decided to use some software to help me track my expenses. I found many in the internet, but not quite sure which one to use. Any suggestions?

Here is quick snapshot of my remaining debt:
Car - $6,300
Various Credit Cards - $8,000 approx.
Student Loan - $5,000 approx

Posted in Uncategorized | 11 Comments »

11 Responses to “Tracking my Debt”

  1. yummy64 Says:
    May 9th, 2007 at 08:12 pm 1178741530
    1178741530

    Welcome to the blogs!

    You can use anything from a piece of paper to a computer program to track your spending. I don't think you have to buy anything fancy, though it might be fun to do it that way.

  2. monkeymama Says:
    May 9th, 2007 at 08:19 pm 1178741981
    1178741981

    Welcome.

    I love Quicken myself, but there are cheaper options too...

    I actually use it a lot in conjuction with excel anyway.

  3. HouseHopeful Says:
    May 9th, 2007 at 08:27 pm 1178742434
    1178742434

    Hello! I usually just use an excel page to track my spending and for my budget. I made a template that I can reuse month after month.

  4. Ima saver Says:
    May 9th, 2007 at 08:31 pm 1178742682
    1178742682

    Welcome, I am just a pen and paper gal myself, new to computers. glad you have joined us!

  5. moi aussi Says:
    May 9th, 2007 at 08:48 pm 1178743701
    1178743701

    I use spreadsheet from docs.google.com so that I can track my financial situation from anywhere. I export it from time to time to have a fresh copy on my local machine.

  6. JanH Says:
    May 9th, 2007 at 09:24 pm 1178745843
    1178745843

    Welcome! I, also, use excel spreadsheets with the help of Hubby to learn to set them up.

  7. kbrewis Says:
    May 9th, 2007 at 09:32 pm 1178746347
    1178746347

    I am using a combination of both excel spreadsheets and Quicken. Some say that this may be overkill but I don't believe in having too much information at hand.

  8. yummy64 Says:
    May 10th, 2007 at 12:26 pm 1178799962
    1178799962

    Best way to start is to track you spending for the next month. Keep all your reciepts and bills (pay them) and see where your money is going.

    Most people when they start are amazed at how the small amounts they spend here and there add up! Its quite often the small things that getcha...not the big things. A daily (or more) coffee habit can add up to real money...

  9. fairy74 Says:
    May 10th, 2007 at 04:02 pm 1178812955
    1178812955

    I use excel with Quicken too, maybe download a trial of Qucken and see if you like it....

  10. contrary1 Says:
    May 11th, 2007 at 09:01 pm 1178917278
    1178917278

    Another pen & paper person here. I'm way too cheap to buy something I can do on my own.

  11. choconut Says:
    May 14th, 2007 at 04:47 pm 1179161242
    1179161242

    Thanks for all the replies! I have tried spreadsheets in the past. It does not work out for me. The setting up part is tough. I have also looked at quicken, money and 1 or 2 more. I find them very complicated... I feel like I have to be an accountant to use these the right way. I have been using a web based budgeting service for a few weeks now. It seems to work out for me now. It is also cheap... ummm... free!! :-)

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