Tracking my expenses

Yes, I do not (yet) track my expenses. I know how important it is but since I was pretty happy with our savings rate (around 60%) and my husband was not a fan of tracking expenses I decided there was no point in doing it myself.

Luckily, nowadays banks do this for you since they categorize your expenses automatically. You just need to make sure it is the right category and categorize a few when the bank does not have information on the correct category of a specific expense. The only thing you have to do is try to use your card always, if possible. If it is not possible and you need to cash out, which in our case it is only to pay the cleaning lady and some lunches/coffees, it is fine. So, I managed to convince my husband and we will track our expenses from today onwards!

This graph below is my idea of how I currently spend my money. In one month, I will compare it with how I actually spend my money.


Keep posted, I will keep you updated on my real expenses and on my first month as a real estate investor. I have learned so much in this process of buying a house for short-term rental and hiring a management company and I will share all the tricks and tips that worked for me!


2 thoughts on “Tracking my expenses”

  1. Hi Ms PB,
    Nice blog. Good to see a young lady interested in financial independence.
    If you cut those lunches, you would save almost 10% !
    I use to be against hiring cleaning services, but ever since I started blogging, I have been neglecting cleaning. Do you think it would be worth it to hire cleaning services?


    1. Once you are used to a certain habit/luxury, it is hard to go back! I have a cleaning lady once a week and I can’t imagine my life without her, especially now that I had a baby.. but it is true I could save more if I didn’t have! The trick is not to start 🙂 so I advise you not to hire cleaning services!


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