For anyone looking for a fun and very useful challenge stop on over by Poorer Thank You’s blog…she’s hosting a challenge for August called the “Know where the money goes” challenge. To put it simply, just track every expense you make during the month, and report your progress at the end.

If you aren’t already tracking your expenses it’ll be a good exercise (it never ceases to amaze me when I actually look and see HOW MUCH money I spend on just food!!), and if you already do…well, pledge to do so anyway. Maybe she’ll decide to have a giveaway at the end? [ahem, cough cough]

I think you have until the 7th to say you’re participating, so get on it!