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How To Keep Track Of Family Spending Without Being Obnoxious


There’s a fine line between keeping track of the money that your family is spending and becoming an obnoxious jerk about it. You’re not going to be very popular in your family if you follow everyone around with a notebook and pen jotting down all of the expenditures that are being made. Not only will it seem very crass, bu it will really take a lot of fun out of things that should be enjoyable. There’s a better approach.

We know it’s important that we keep track of where the money is going. We can’t just spend recklessly and blindly without accounting for where funds are flowing. So how do we track expenditures without being obnoxious about it?

Think about how how many of us make purchases. We either use a check, or we use a credit card. While it’s true that we sometimes use cash, that cash often comes straight from a bank checking account or savings account. You’ll see how you can track the cash in a moment. But let’s initially turn our attention to credit cards and checks.

Do you literally have to be standing over someone’s shoulder looking to see who they’re writing a check to at the moment the check is being drafted? How about when someone is making a credit card purchase? Do you literally have to be right there monitoring what the money is being spent on? See, this is what would make people feel a bit uncomfortable. Doing things like this would be obnoxious — and they’re completely unnecessary.

You can easily audit checking accounts at the end of the month and even look at the checkbook to see where the checks were made out to — assuming accurate records are kept, which they usually are. Credit cards are laughably simple to monitor. Every purchase results in a line-item entry when you get your monthly statement.

This brings us to cash. How can you monitor that? While it’s not as easily monitored, you can at least get a general sense of how much cash has been spent based on ATM transaction notices that are listed on your banking statements.

By following this advice, you can accurately monitor expenditures without being obnoxious about it. It’s not as hard as it might initially seem!

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