Mistake _ Not Tracking Your Spending and Expenses _ It is impossible to keep to your monthly budget if you fail to track your spending. It is recommended that you fill out both a weekly expenses report and a monthly expense record worksheet to track your spending and monthly expenses. It you don't track you spending you will not know what areas of your budget you need to adjust for next month.
However, there are many disadvantages of this old technique in keeping all that cash around. It's cumbersome and simply not safe as you can easily accumulate hundreds or thousands of dollars in your cash envelopes. Just imagine the heartbreak and financial setback should something happen to all that cash.