So you think its absolutely unnecessary to track the money that you spend since you know where every penny goes. Well your argument sounds pretty reasonable, but why don’t you try putting evrything in record, for a month? Just for one month.
You will be able to clearly see how much you would be able to save on items that you really don’t need. This money multiplied into 60 can give you how much interest you can earn over the period of five years.
You must understand that when it comes to personal finance and achieving speific financial goals that have been set for a long term, little things do matter. Hence it is important to exercise some discipline.
Writing down your everyday expense is not going to take more than 15 -20 minutes day, so why not try it if you are going to be benefited?
So don’t think, just give it a shot. If you feel in a month that its waste of time and effort you can always stop.
