Thanks to the advice in The Compound Effect, and thanks to my co-host Adam Jones on the ‘What You Will Learn‘ podcast, I’ve been tracking. I’ll be tracking every cent I spend to try and get my budgeting under control. Every time I pull out my wallet, whether it’s cash or card, the transaction gets written down in my note pad.

As my income has increased, my lifestyle and ‘necessary expenses’ seem to have grown with it. By tracking where I’m spending my money, I’ll know exactly where I need to focus my efforts to reduce my expenses.

In our latest episode of the podcast, we started our ‘Take Action’ series. From each book we read, we’ll take one action and apply it. The action from The Compound Effect was this idea of tracking. The punishment? Mangina. Whichever of us stops tracking first has do do a public mangina. If you’re unfamiliar with that term, have a listen to the episode linked above for an explanation…