About a month ago, Mark B. asked a question in the comments:
…Also, you used to post your monthly Quicken spending and income reports, did you stop posting those? I found those to be very interesting and revealing for a person trying to escape debt myself.
Ever since my mention in the New York Times, I started shying away from revealing specifics on here and I phased out those monthly spending reports. They took me a while to do and do I want my boss (or future employers) to read how I spend my money? Seems a bit too personal and I was worried it could affect my employment. While I don’t readily attach my name to this blog, people who know me could put two and two together. My brother did, and I pleaded the fifth
I’ve been thinking about Mark’s comment for over a month now. I need to bring those reports back. They prompted some great discussions in the comments and they kept me very focused. I was able to find all of the receipts for April and May. I’m still looking for some receipts for Jan - Mar and if I can’t find them all I may skip those months or perhaps create a miscellaneous category for them so I can still post them. I already revised my Quicken file so my reports would be easier for me to do.
Expect to see some reports shortly!
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Credit Card Debt
- Starting = $37,614
- Paid Off = $30,615
- Current = $6,999
- $25 ING Savings Bonus
Savings Account
- Current = $3,750
Posted: May 23rd, 2008 at 8:37 am
I feel the same way about posting my financial information, not in regards to a potential employer. The idea of so much personal information here is a little overwhelming.
I track my money spending and for myself I don’t like how I’m spending it, so I’m changing it. I really appreciate that you’ll post yours. You’ve done so well on getting your debt down I’m really interested in seeing how my poor spending (improving) compares to yours.
Thanks.
Posted: May 23rd, 2008 at 1:13 pm
I’ve been wrestling with exact same issue myself - how much do you disclose? I guess its personal for everyone.
Posted: May 27th, 2008 at 12:09 pm
Hey, thanks for reading my comment!!!
Perhaps there is a happy medium? Maybe if you consolidated your spending into fewer categories and used percentages instead of actual dollars? This would still give a good picture without revealing exact dollar amounts (i.e. your actual mortgage payment). I am looking forward to the reports.
Posted: May 27th, 2008 at 12:34 pm
Mark - I just finished April’s report last night, and was going to post it tonight. You know what? I think I REALLY like your idea about percentages. I’ve never looked at our spending in that manner. Hmmm…