Now that you know exactly how much debt you are in because you have looked up each individual credit card balance, and home equity line of credit, and car loan, and lingering school loan—and now that you have created direct access to these individual credit card balances, and home equity line of credit, and car loan, and lingering school loan, because you have saved these online sites to a desktop folder named Debt Watch, which is like Bay Watch only with more girth around the middle—now it’s time to figure out why you are in this pickle in the first place.
And the way to figure out why you are in this pickle in the first place is to track your daily purchases, especially if you purchase pickles, like Bossy did last weekend when she went to a Pickle Bar, and yes there are such things.
The reason Bossy thinks it’s crucial to track every single purchase is because even though we all think we know how our money is being spent, the picture is infinitely clearer when kept in an itemized log that allows you to see how the small things add up over a period of a day, a week, a month,
Which means that even though you are the type of person to impulsively purchase a pair of boots in Vermont in mid-summer, it doesn’t make you any more spendy than the husband who doesn’t fret over his decision to buy the extra bag of Romaine Hearts for “only” $2.99 when Romaine Hearts isn’t even on the list because you already have a bag of Romaine Hearts at home and no, it doesn’t mean that now you can use double the amount of Romaine Hearts when preparing your sandwich because then you are using five leaves when two would do, and because $2.99 x five packages a week
x 52 weeks in a year = airfare and three nights at the four-star Loews Miami Beach Hotel.
Speaking of which—a little familial infighting isn’t the worst thing for your finances according to Bossy, who is now involved in a healthy competition with her husband to spend less money during the day than anyone has ever spent in the history of days.
And to keep track of their individual spending, Bossy downloaded this chart, which is from Oprah’s Debt Diet:
In addition, Bossy and her husband are currently saving all of their receipts from the day, which is represented by the photo at the top of the page—Bossy’s husband in envelopes fastidiously labeled albeit misspelled, while Bossy prefers to collect her receipts in heaps at the bottom of her handbag.