One thing that all successful people do, is they streamline and template every day mundane tasks.
For example, filling up the car with gasoline.
It is so easy to lose track of our gas purchases and our mileage - and never really know how much money we spend on transportation.
However, if we are following a budget – which all successful people do – they know, and their accountants know down to the penny how much money is coming in, and how much is going out.
So how do you keep track of it all? With receipts of course.
As soon as you fill up, get the mileage from your car and write it on the receipt. I do this while still sitting at the pump so I don’t forget to do it later. My car is a Ford C-max, and I’ve named it for tax reasons “Maxie” So I write on the receipt the name of the car and the mileage. The rest of the receipt has the amount spent and the date of purchase.
Then I keep a receipt pouch, also known as a coupon book, purchased for one dollar at the dollar store, right by the seat. That is where I store all of the receipts I collect while out shopping, or running errands.
Then at the end of every month, the receipt pouch gets swapped out with an empty one, and the full one goes in the house to be matched against my Quicken ledger. Now all of my accounting is current and it’s a system that can easily be followed and duplicated.
No more trying to track down receipts, mileage, or where the money went – Get ya a receipt pouch.
It’s easy, it’s systematic and it’s a good idea.
