Creating a personal bullet journal expense tracker helps you know where your hard-earned money goes. It is a tool that every mom must-have.
Money comes, money goes. Do you know where your money goes? What better way to keep track of your finances by having your personal bullet journal expense tracker.
Here’s the scenario.
You work hard every single day of your life. In a month, you earn something out of it.
You rejoice! Why not!? It’s your hard-earned money after all. It’s your sweat and blood as they say. You worked so hard to gain that! So, go you go to your favorite shop, splurge your money on that nice top you’ve been eyeing for a couple of weeks now.
And then, your friend called and invited you over coffee. Of course, you happily and readily went and do some chitchatting with your friend.
You deserve it! You really do.
Here’s the thing, you are just halfway through before your next salary, but you figured, you no longer have enough money. And then you start to wonder where your money went. Sadly, you couldn’t figure it out.
This scenario is very familiar, right? How much more if you are a mom running a home? That is when a bullet journal expense tracker becomes very essential.
In data published by Gallup, only one in every three Americans tracks their expenses. If you are one among the majority who do not track your spending, you better change your ways and start tracking them down.
WHAT IS A BULLET JOURNAL EXPENSE TRACKER?
A bullet journal expense tracker is a tool that helps you keep track of your expenses. It is a simple and easy way to get started with journaling or trailing down your finances.
Keeping a bullet journal expense tracker will help you in so many ways.
Your bullet journal expense tracker need not be expensive. You may opt to buy a cheap but reliable journal – depending on your preference – and create an expense tracker bullet journal according to how you like it to be. In short, whatever design and look you feel comfortable with, as long as you fully understand what’s written in your bullet journal expense tracker.
However, if in case you are just starting and you are not sure how to do with you, you can always find free printable on expense tracker bullet journal, which you can print and use or you may use as a guide as you create your own. There are also a lot of blogs (like this) and websites that share people’s personal expense tracker bullet journal where you can get inspiration from.
Check below video from Caitlin’s Corner, a YouTuber, for ideas on making your own bullet journal expense tracker:
WHY DO YOU NEED TO KEEP A BULLET JOURNAL EXPENSE TRACKER?
Before you even wonder why we are encouraging you to create your own bullet journal expense tracker, let us give you a few more convincing reasons why you should have one:
It helps you keep track of your finances.
Nobody wants to be a one-day or one-time millionaire, right? Today you get the money, tomorrow, you are already looking for it. But in reality, most of us are like this. The moment we receive our salaries or any money we get, we tend to spend it. We buy this and that – anything we want (yes, not necessarily what we need). The next day, we start to panic. How do we get through the next payday?
By keeping a bullet journal expense tracker, you get to keep a trail of what you have spent your money on. You will not find yourself wondering where did your money go because you know exactly where did it go – you have a list where you can check how much money you have and where did you send it to.
It helps you keep track of your expenses.
Well, obviously, a bullet journal expense tracker helps you track your expenses. This gives you an idea where your money goes and how much you spent on certain items. By keeping an expense tracker, you get to know if the items where you put your money into are worth it.
It will also help you get to know yourself in terms of spending. How your attitude is when it comes to it and how you could possibly improve your spending attitude if you feel like it’s not on the good side.
It helps you keep track of your debts and other payables.
By keeping an expense tracker also means you keep a list of your debts and other payables like monthly electric bills, mobile plan bills, insurance, etc.
A bullet journal expense tracker helps keep you on track of your responsibilities. By having one, you are sure to pay your debts and other payables on time. This will keep you away from unnecessary expenses like paying for late payment fees and other payables when you miss your due dates.
It helps you in creating your daily/weekly/monthly budget.
By keeping a bullet journal expense tracker, you get to have an idea what are your essentials and staples, and what are the things you can actually do without.
Here’s a tip, when you do your budgeting, make sure you always start listing down your needs prior to your wants. Wants are not essential, thus, you can always scarp that out of your list. You may only include it when you have extras. Otherwise, it won’t hurt you if you don’t get to buy them.
It makes you responsible in handling your money.
Having an expense tracker helps you develop a good attitude towards handling your finances in general.
It helps you develop to become responsible for handling your money, your expenses, and other financial responsibilities. When you keep doing the same thing over and over – meaning you are religious in doing your bullet journal expense tracker, you eventually get used to it and without you knowing it, you are already good at handling your hard earned money.
It helps you save.
Since you get to see your spending habits through an expense tracker, you will eventually develop a certain spending habit, which in turn will also help you save more money than you usually do.
Once you already know what are your needs and wants, eventually, you will also develop making sure you get to save money or just because you are not buying unnecessary stuff like before, it leads to putting more into your savings.
It makes (your financial) life easier.
You will thank yourself, really, for keeping a bullet journal expense tracker. It does really help a lot! You will be surprised how it makes your life easier.
Also, keeping a bullet journal expense tracker keeps you motivated to make things right when it comes to your finances. So, yeah? Who wouldn’t want that, right?
How to set up your own bullet journal expense tracker?
There is a lot of bullet journal expense tracker printable online that you can use, but nothing beats making your own. With that said, here are some tips on how to set up your own bullet journal expense tracker:
Check others work.
Make time in digging into other people’s bullet journals for finances. You may check them via Google or Pinterest by simply searching “bullet journal expense tracker” or “expense tracker bullet journal”. You will be surprised at how many sample expense tracker you will find, created by other people.
By looking into others bullet journal expense tracker, you get to have great ideas on how to make your own better, at the same time, helps improve how you manage your own money. It’s like peeking into the inside of someone else’s brain and then getting what you think will also work for you. Checking others work will also keep you inspired to do better with your own.
Create a bullet journal expense tracker that suits you.
When you go check Google or Pinterest, you get to see a lot of finance bullet journals that will give you tons of inspiration. However, it may also cause you to get overwhelmed. That is why it is important that you do not get intimidated with what you see. Rather, select a few that you think suits you and just focus on them – either you do the same or simply use it as an inspiration as you make your own.
Stick to pages that you find yourself struggling with, and focus on them or pages that you think will work for you. Never make lots of pages just because you find them pretty-looking and worth sharing over social media. That’s just going to be useless, believe us.
At some points, you will stumble upon an amazing layout for tracking your expenses. If you think it suits you, then add it up. Otherwise, just set that aside for now, and just use it when it’s already necessary.
Do not put too much on yourself. Focus on the basics for now – budgeting, tracking your spending and putting up bigger savings. Once you feel like you have already mastered these areas, then maybe it’s time you proceed with more complex pages.
Keep your bullet journal expense tracker simple.
Do not try to be creative if you are not. We are all different from one another. The other person’s strength may be your weakness. Stop trying to make drawings or diagrams if you are not good at it – it’s useless and not necessary at all. A simple yet efficient chart will definitely suffice. Focus on your strengths. If you are good with words, then, maybe you can create a colorful and exciting title instead – you know, something you and not a copycat of someone else’s.
However, we highly suggest creating simple titles instead so you won’t have problems trying to remember what exactly your pages are for. For instance, if it’s expense tracker, then keep it as it is. If you’re tracking your debt pay off, then name the page “Debt Tracker”. If you are saving up for something like a vacation, then title the page, “Vacation Savings”. You can be creative with how you write it or the font you will use (if you are printing it out). Over time, you may opt to use certain symbols that will help you identify the item when you’re done with it. Like drawing or using a money symbol for savings, airplane figure for vacation, etc.
Do whatever suits you but do not get overwhelmed or put pressure on yourself just to make your bullet journal expense tracker look like how others. To be honest, when it comes to this kind of work, the simple, the better.
Ensure you use the right tools when making your bullet journal expense tracker.
Although we mentioned earlier that you do not necessarily need to buy expensive journals, we find it necessary to choose something that will not easily tear off or something that you are comfortable writing on. Let’s admit it, there are certain types of paper that are not inviting or doesn’t feel good writing it. So, yeah, when choosing a journal, make sure it’s something that you like and you are comfortable with, and something that will attract you to keep doing what you do.
When it comes to high-quality paper, we suggest the likes of Leauchtturm hardcover journal. It comes with a table of contents page in the front, which makes your bullet journal expense tracking more convenient.
Another I important note to keep in mind is to make sure you use an acid-free pen, which won’t bleed through your pages as time goes by. You want to keep your bullet journal expense tracker nice for future reference and also to keep you inspired, right? So better choose the right tools. We suggest using pens like the Micro Line Ultra-Fine Point and Taotree pens. They’re a bit pricey compared to ordinary pens but are sure worth it.
Check your bullet journal expense tracker on a regular basis.
Having nice and high-quality tools is not worth it if you do not use them for their purpose. Make sure that when you start doing a bullet journal expense tracker, you check your items on it regularly.
Do not just start now because you feel like doing it, and then abandon it over time. It will deviate its purpose.
Make it a habit to always check your bullet journal expense tracker. Make it a regular thing. You do not need to spend too much time checking it – a few minutes will do. Make sure you do log your spending and financial triumphs on your journal every day or every other day – depending on how you like it, but make sure you do not forget anything when logging in your bullet journal expense tracker.
If you are a mom, we suggest sitting down and discussing what in your bullet journal expense tracker with your husband once a week. It’s like your bonding time too!
WHAT PAGES SHOULD YOU INCLUDE IN YOUR BULLET JOURNAL EXPENSE TRACKER?
Now that you already the benefits of keeping a bullet journal expense tracker and how you create one for yourself or your family, let’s proceed with what pages should you include in your bullet journal expense tracker.
Let’s begin with…
Page 1: Net Worth
The very vital item in your bullet journal expense tracker. After all, you cannot create one if you do not have or you do not know your net worth, right?
Net worth includes all your assets (like your cash savings, real estates, investments, etc.) minus your debts (like mortgage, credit card payables, car loans, etc.). Take note of this, as you pay off your debts, you gain a step closer to financial freedom, which is everyone’s ultimate financial goal.
Page 2: Financial Goals
Of course, you need some motivation. Make sure you have this page in your journal. This will keep you going. As you finish each item, make sure to tick it off your list. Trust us, it’s a wonderful feeling ticking off every single item in your goals. Imagine if all the items in there are ticked off. That would feel like heaven, right?
Page 3: Savings
Another motivation. How wonderful it is looking at how much money you save, right? Keep a list of your monthly savings. It does not matter whether it’s big or small as long as you have savings. After all, at the end of the year, when you add them all up – it still is something worth celebrating for.
Page 4: Bills
Of course, never ever forget to keep track of your bills. Make sure everything is listed down. Do not forget to include the dues to ensure you do not miss a thing.
Page 5: Debts
Like your bills, do not forget to include this in your list. We suggest you list down the exact amount you need to pay – it gives you a certain kind of feeling – like being accomplished — each time you see your debt is decreasing. Just imagine once you are done paying them off. It’s something also worth celebrating for.
FINAL THOUGHTS ON BULLET JOURNAL EXPENSE TRACKER
Starting a bullet journal expense tracker is a choice you have to make.
You choose whether to keep spending not knowing where your money’s going or forget about your monthly or quarterly responsibilities or not. But of course, ideally, you choose the better part.
Keeping a bullet journal expense tracker will help you in your journey towards financial freedom. By simply tracking down your expenses, debts, bills, as well as your savings, net worth, etc., you get to see your path towards being financially free and being a financial genius.
Start tracking down your money today, and you will surely thank yourself one day for doing it. Remember, it doesn’t need to be complicated, a simple bullet journal expense tracker will definitely do. You may also opt to check online for bullet journal expense tracker ideas.
However, do not be pressured by how others make their own or get overwhelmed with the details and all that. Create something that is you. Make it very personal because in the first place, it is.