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Calendar System

Some people use a calendar to help them control their money. They write down dates bills are due or when payments need to be mailed to reach the creditor by the due date. They then check the calendar each day to see if some financial management activity must take place. One calendar used by everyone in the household as the place to jot down out-of-pocket cash outlays will simplify the recordkeeping system. Then the person in charge of recordkeeping will need only to consult the calendar to account for cash outlays.

The calendar system adds the time dimension to the cash flow record keeping system, but still does not yield a complete record of where cash went.

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