This Product Changed My Life
Around mid-December, 2017, I decided it was high time I take control of my financial life. Money seemed to always be an issue – we just didn’t seem to be getting ahead even though we were always shopping for bargains.
The first thing I did was start researching financial management software packages. My father had been trying to get me to use an Excel spreadsheet to track all our expenses and deductions, but, for us, it was too time intensive and confusing to manage. We had receipts everywhere and most of them never got entered into the spreadsheet!
After considering a few different options, I decided upon Quicken. It has been around a long time, has a strong reputation, and seemed #user-friendly. A key component was the fact that it offered a mobile app that would allow me to take pictures of receipts on the spot, thereby getting away from trying to manage all those paper receipts that never seemed to find their way home. We bought the @Quicken business, rental income and personal package, since both my husband and I have LLC’s for our consulting work.
It was fairly straight forward to install and easily linked to our #bank account. Once I did, it was like putting on a pair of prescription glasses after walking around with inadequeate vision. I was soon able to begin to understand our finances in a whole new way. When I say this was #life changing, I am not understating what I felt.
At a click of the mouse, I could see where our money was going. The biggest surprise – we were spending a small fortune on groceries and eating out. For a family of four, our yearly expenses for groceries was – are you ready for this – $14,000!!!
The biggest surprise – we were spending a small fortune on groceries and eating out. For a family of four, our yearly expenses for groceries was – are you ready for this – $14,000!!!
Our restaurant, fast food, and coffee shop expenses were just as tragic – nearly $5,000. This was ludicrous.
Obviously, we needed a diet – in more ways than one.
If it wasn’t for Quicken, we could have easily continued down the same road, never quite getting ahead of the game. Now, I had the power of knowledge – and, that is what prompted me to change my world, save thousands, and improve our quality of life.
I am pleased to say that, thanks to that first step of facing up to our budget, we are on the road to recovery!!!