I was just reading an article about building an emergency cash fundwritten for freelancers, but relevant to almost everyone in these economic times.
The first tip: keep track of all your expenses so you can see exactly where your money’s going, then eliminate the things you don’t need.
I keep a detailed log of all my business expenses in an Excel spreadsheet, but I’ll admit I find the prospect of tracking my personal outlays rather daunting. Do any of you do this, or have you tried it in the past? How do you categorize things? Do you use a computer spreadsheet, or a paper planner?