When it comes to saving money, many people have no idea where to begin. The vast majority
of people in the USA dont even know how much they have in their bank, savings or checking
accounts. How many times have you asked yourself, where does it all go? Finding out is easy
and essential if youre ever going to turn things around.

Computer companies make millions on expensive software guaranteed to organize your
finances for you. The first money saving tip you can put into practice is giving all of those a total miss. Instead of spending 200 dollars on computer software, spend 5 on a notebook and a pack of pens. All that is needed to get started is some simple bookkeeping.

Once you have your equipment, take 2 weeks and write down everything that you spend. It
doesnt matter how insignificant the expense seems, it must be listed. Carry this notebook with you at all times. You may forget to list something, especially if it is small which will throw off your
total amount of expenditure. Once the two weeks has ended, you will see where all of your
money is going. You may be surprised and shocked to see how much actually goes on frivolous and insignificant items.

Many who practice this exercise find it quite upsetting but also quite sobering. They also find that once they know where all their money is going, it is easy to implement a plan for change. Saving money isnt difficult and doesnt require expensive gadgets. All you need is to find out where your money is going which required only time.