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January 02, 2014

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Good stuff!!

My wife and I saved over 60% of our income in 2013. I think cash-flow-planning had a lot to do with that. I have found that actively participating in the budgeting process also significantly increases communication and teamwork for married folks. It's pretty shocking actually.

I can keep my wife's attention for about 45 minutes at the beginning of the month. She loves it - but only in small doses haha!! We both walk away excited and on the same page.

Thanks FMF!!

Ha! I love it.

I'm looking forward to the rest of the 30 steps. I like the idea of calling it a cash flow plan rather than budget. So many people cringe at the word budget.

Funny story. About 3 years ago when we really started managing our finances we were talking about budgets a lot and as a result, our 1.5 year old (at the time) started saying "budget". It was in his first 10 words he ever learned. Hopefully it is a good sign.

Hi there FMF, great initial 3 steps... Just wanted to share with you, and all other readers, that mint.com elegantly tracks all this information (net worth, cash flow, spending, and much more) on a automated fashion for you. I have been using them since 2010 and couldn't be any happier. And best of it all, it's totally free... maybe worth giving it a try instead of the "small notebook" ;-)

Silva --

I use Quicken to track all my spending, so I know what you're saying. Tracking electronically is great in the long term.

But even if someone does track electronically (with Mint, Quicken, or whatever), I would still suggest the notebook for the first 30 days. My experience is that if you don't have it with you when you spend EVERY PENNY (like that trip to the office vending machine), you'll forget to record it.

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