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Update on Excel question regarding checkbook balances
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Mike SE IL
Posted 7/15/2010 08:31 (#1274098 - in reply to #1272016)
Subject: RE: Update on Excel question regarding checkbook balances



West Union, Illinois

Ryan Borcherding - ...I decided to move on to something simpler
This is one of the reasons I use Quicken, I hate to reinvent something already made that is working.
to what level do you track your expenses? Do you just do major things like car, home/living, groceries, medical and miscellaneous? Or do you keep track of what you spend on meat, fruit, toilet paper, gas, oil changes, etc?
I guess it depends on what you want to know.  If you want to know how much you spend on toilet paper and fresh fruit then go ahead and track it.  I tried tracking personal expenses that closely, but found it was just worthless information.  You end up spending valuable time entering data that you don't use.

I would suggest tracking medical expenses (Dr visits, prescriptions, etc) even though it may not be of value right now.  Chances are at some point in your life there will be a time when your med expenses will be enough that taking an itemized deduction on your taxes is a good choice.  It's a lot easier to work with if you already have the data in place.

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