My first assignment for my online PF class required me to keep a week-long spending journal. Each transaction was to be marked want or need. I found out that I spent twice the amount on wants than I did on needs–yikes!!
The latest assignment is to do a budget–something I’ve struggled with in the past. I tend to fill out one on Quicken (and I did the same on MS Money when I was using that before) but never really check if it’s working or not. I update it with only a vague idea of how to do so, and I know it doesn’t help my spending at all because it’s a tool I don’t know how to use. I hope this will change after I complete the assignment, and I will have a budget that is relevant and helpful.