You've got to measure it before you can manage it. Tracking is the means to measuring how you spend your money, and it is the initial necessary step toward financial success. This is the first in a four-part series on each of the book's laws.
Tracking is simple.
Enlist every member of your immediate family to track their expenses as well. When you have kept a record of your finances for a month, analyze it. Cut out those extras you don't really need or even use, and you'll be amazed at the big difference in savings. Keeping a daily record of each expenditure may seem tedious, but it is essential to becoming a better manager of your finances. It only takes a few minutes a day to reap long-lasting rewards financially.