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I'm just starting and trying to track my money. What categories do you use in Quicken to track your expenses? How do you keep up with all the checks? Any advice would be appreciated....BEE
I would probably mirror the categories that you're going to use when doing taxes. That way, it will be easier to identify them at tax time next year. Also, you can edit/add categories in Pampered Partner...it might be a good idea to make them match as well. These are my goals, too.
Does anyone know if Pampered Partner has the capability to perform online banking functions? That would be really cool b/c I would prefer to manage expenses/income in one place.
Tracking your expenses in Quicken is a great start to managing your money. When it comes to categories, it really depends on your personal spending habits and what you want to track. Some common categories include groceries, utilities, rent/mortgage, transportation, entertainment, and dining out. You can also create custom categories to fit your specific needs.
As for keeping up with checks, one tip is to make sure you enter them into Quicken as soon as you write them. This will help you stay on top of your spending and make sure you don't forget any transactions. You can also set up alerts or reminders in Quicken to help you remember to enter checks.
Another helpful tool in Quicken is the budgeting feature. This allows you to set a budget for each category and track your spending against it. It can help you see where you may be overspending and make adjustments to your budget accordingly.
I hope this helps! Good luck with your financial tracking journey.