Money Challenge: Expense Tracking and Saving

Amy He

By Amy He
Posted on Tue Mar 26, 2013, Last Updated on Mon Apr 1, 2013

Amy is a staff writer at MyBankTracker.com. She writes about banking and culture. More Columns »

Money Challenge: Expense Tracking and Saving

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For MyBankTracker’s next Money Challenge we’re going to continue on a task that we attempted half-heartedly a while back, but this time, do it with more vigor.

In the first week of the challenge, we will be tracking every expense we make, and then in the second week, we will attempt to halve our spending. We will be noting all of our expenses outside of rent, utilities, and bills.

We’ll keep you updated on the money we’re spending, what we learn about our spending habits, and how easy or difficult it is to conscientiously cut down our spending.

We would love for our readers to join in the challenge. Every reader that participates in this week’s challenge will be entered into a random drawing for a prize that we will announce at the beginning of April. Let us know of your progress on Facebook or in the comments section below and we’ll enter you into the drawing.

We’ll check back next Monday, April 1 to give a rundown of our week’s expenses. In the meantime, feel free to leave a comment below!

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  • Gaston Gorosterrazu

    Tried it, with the $25 in mind. Already overspent in my first day (pizza + 2 coffee + 1 redbull)

    • http://www.mybanktracker.com Simon Zhen

      Sounds like expensive pizza.. or expensive coffee.

      • Gaston Gorosterrazu

        $15ish on pizza ($4ish tip to round up to 20), $1.25 wake up ugly coffee, $2.5 red bull, $2 not-so-bad coffee