A friend forwarded me an Excel Spreadsheet program to track my spending & saving since it's the beginning of the New Year. I love the program, by the way, and I think it will be very helpful in me getting my spending under control.
Under control. Ha. Most of you that 'know' me and my style of shopping, and you know me to not spend money, right? I total 0.00+tax every time I shop, right? Yes, you are right. Problem is, in this state, you are taxed on the pre-coupon price.
Just to get an idea of my spending habits, I looked through my checkbook ledger for last month. My many, many transactions added up to almost $150. Eek! This was all Walgreens and Target and Homeland, which means 99% of my transactions were $1 or less + tax, many times 0.00+tax. Figure that out, and it means that I purchased around $1500 worth of items in December 2009...really? What did I buy? $1500 x 8.517% tax=127.76, which allows me to account for about $20 in after coupon, pre-tax purchases, which is probably pretty close to accurate(I didn't have a coupon to make everything free).
I'm a little speechless. I'm a little embarassed. I'm a little impressed(secretly). Needless to say, I'm going to cut back on my spending a little. Then again, I look at it this way: $150/month for groceries and toiletries is great!