TRACK IT! CONTROL IT! (1)
by adminChapter 2
Track It! Control It!
We hope you have given some thought to the first Money Mastery principle: Spending is emotional. At the end of Chapter 1, we asked ou to identify some of the feelings you had during a significant event n your life that involved money. This exercise should have elped you determine how emotions affect the way you spend your oney. Understanding why you spend will help you become more ware of how and where you spend. This leads to the second Money astery principle:
Principle #2: When you track your money, you control it.
Have you ever taken your car for a tune-up and received a test esult form similar to the one on page 35? The value of this kind of analysis is that it allows you to visualize exactly how your money as .pent in getting your car tuned up. Without it, the only thing you ay know when you pay the mechanic is that $75, for example, seems .ike too much. Or you may not even consider what the $75 as worth to you at all without something to verify the value of that expenditure.
Having a clear picture of exactly where you spend your oney is extremely important in today’s consumer-driven society. The onstant barrage of emotional media messages often lures us into pending more money than we have. That’s why it is more crucial han ever that you learn the value of keeping track of where and how you spend your income.
aken from : Money Mastery “10 Principles That Will Change
Your Financial Life Forever
