For a few years now I have wanted to put all of my finances in Quicken so I can can track where we spend our money. Every 3 months after I meet with my financial planner I always say I am going to do it this week. It has never happened until today. It only happened since I had a meeting with my financial planner this afternoon and because of my commitment to blog after a major task which today happens to be finances.
I came home downloaded the program, went through all of my accounts and downloaded as much as I could for the last 12 months (credit cards only allow 3 months). For some reason I thought I could do all that and set a budget in time for my blog. I have absolutely no idea why I thought I was going to be able to finish this in one day. My head is spinning.
I blame it on the fact that so many transactions are not categorized. So I started categorizing. As I plugged away at this I realized that I need more categories and then sub categories. Why you may ask? Because I really want to see where the money is going in detail so I can make small changes in order to be able to invest more of my money. I know it may seem crazy to sub catagorize things but let me give you an example: Main category Auto needs a lot of sub categories such as insurance, maintenance, fuel, car wash, parking, tolls, tags ect. I am sure I can cut this expense down so it is necessary to break it down. I already see senseless waste of money. There are other ones as well that need to be broken down but I sort of figured it out after I was halfway done with inputting the information. Which means after I create the new categories I need to go through all the transactions again.
What I concluded today is that some things really can not be done in one day. My finances are important and I do not want to short change this task of any time. I am going to add the next two days to this task and I am going to feel ok about it. I am going to do that because I am not feeling well and I am really tired. Plus someone has to do the dishes, take the dogs for a walk and laundry (those jobs are never done).
If anyone has any suggestions on how to make this fun task any easier, please feel free to comment. I need all the help I can get.