Tracking every expense
On my personal finance journey, I have come to understand that knowledge is power. Nothing demonstrated to me the wastefulness of our spending habits until I started keeping track of our finances and could read it in plain black and white. I cannot say that I have continued this habit to this day – Mrs. Stew and I have a different approach to budgeting nowadays and it works for us. However, I thought I would share two anecdotes that could help you to reinforce this principle in your children.
