How useful is "cash in wallet"
edodd at billiau.net
Mon Mar 20 03:52:57 EST 2006
On Mon, 20 Mar 2006 02:14, Pete wrote:
> So I'm curious about the "cash in wallet" account. It
> seems rather granular. Does anybody really keep track
> of the money in their wallet? It seems pretty
> compulsive -- you'd need a "money found on the street"
> or "money given by friend to help pay for french
> fries" account to reconcile it.
This challenged me to look at my recording - and almost 11% of my expenses are
'miscellaneous'. 10.97% over a long period of time, and it rates as my eighth
biggest expense category.
If I needed to know exactly where my money went, this wouldn't give enough
I reckon that you record as best you can and review at the end of a given
period whether you are collecting enough or not enough information to manage
your money well.
Why, every one as they like; as the good woman said when she kissed her cow.
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