Highlights for March, 2007:
- Total expenses up 32.86% from February! The main culprits:
- Used my credit card to book airline tickets
- Two slightly expensive road trips
In management theory, it is said that “what you can measure you can hope to control.” I have certainly been measuring my expenses since January, 2007. It’s time for some control. Hopefully.
Under my expense recognition principles, I immediately account for credit card spends and not when I actually make the payments. For example, if I use my card in March and the payment is due only in April, I recognize the expense in March and not in April.