Spending Habits Essay

1207 Words3 Pages

After one month of tracking my income, I have learned a little more about my spending habits. I am already aware of most of my spending habits, and where I most often slip up. A little on the background of my spending, I rarely use cash. There are two reasons why I do this; the first reason is so that I am not tempted to spend bits of money here and there on snacks and small things. The other reason is that so I can more effectively track my spending with less effort. I have two checking accounts to keep this balanced since on the statements it does not say what the money is specifically spent on. I use one card on essentials and school needs, and the other account is more of a lifestyle account. Although I have done this financial tracking in the past, I was able to reaffirm that I still have some areas of weakness in my spending. …show more content…

I don’t ever buy clothes, shoes, or much for material items, but I do have other weaknesses that could be improved upon. I tend to eat out a little more than I should. I have significantly improved on this from my undergrad, but I fear that my explorative eating habits will start to take root again as I become more familiar with Minneapolis and all the unique restaurants that I am dying to try. Weekends and evenings tend to be the time of greatest weakness so by figuring that out I can be more focused on specific situations that influence my habits. I rarely go out and buy food for lunch during the week. Lunch and Learns and myself being an adequate cook has helped

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