Accounting log (editing)

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Accounting Journal One

The information that I can see in my spreadsheet shows me that my greatest expenditures for this past month has been household items and entertainment, and this is compatible with the fact that I just moved into a new home. While the entertainment expense looks big, it was actually due to the purchase of a television, as without that I only spent $143.50 on going out and having a good time. Other than those two areas, the budget I had set for myself as part of my New Year’s resolution continues on track, as I am careful to go out to eat only on occasion, and my clothing and food expenses are within the limit I have set. My short term spending goals are to eat out even less, which should free up around another $100 per month in my finances. My medium-term financial goal is to start saving $50 a month starting in March, which will help me accrue some stability if one month I have a hard time. As for long term financial goals, I am currently looking into a possible investment that will not be touchable for several years, but that will reap good benefits in the end. I also plan on funding this long term goal with the money I am saving from not eating out so much each month.

The area I plan to change most about my spending habits for next month is the amount I spend eating at restaurants, as well as how much I spent on entertainment, as a trip to Disneyland is not an every month occasion. My goals have changed now that I am at the end of the month because now that the expenses of moving into a new place have been taken care of, I can get back on track with my more restricted spending habits. The strategy I have used so far for tracking expenditures has been successful, but I found a program called MINT that has a mobile app that will allow me to track it with even greater accuracy, as well as allow me to see my progress as the month goes on.