Cassandra is trying to think of a good way to keep her financial records. She makes a lot of purchases, using cash, debit cards, and credit cards about equally. When she gets home every day, she tends to be very tired and doesn’t like to do a lot of organized thinking. She tends to lose individual pieces of paper if she doesn’t file them immediately. What might be a good method for Cassandra to use?

a.
Recording all of her daily expenditures in an organizational computer program.
b.
Keeping and collecting receipts for everything she buys.
c.
Tracking and collecting her bank and credit statements every month.
d.
Carrying a notebook and immediately recording all of her transactions in it.

1 answer

Given Cassandra's tendencies and habits, the best method for her to keep track of her financial records would be:

d. Carrying a notebook and immediately recording all of her transactions in it.

This option takes into account her daily fatigue and the likelihood of losing paper. By recording transactions as she makes them, she can avoid the effort of organizing later and ensure she captures every expense without accumulating unfiled receipts. This also allows her to keep all information in one place without relying on technology, which might be overwhelming for her at the end of a tiring day.