I started working on the Hardyway Racing budget document and wanted to give you an example. You don’t have to do yours like this, but it will give you a good start. Track any and everything that you spend money on.
Since I’m using an Excel spreadsheet, the first thing I did was create three tabs at the bottom. The tabs are RC10B74.1, RC10B6.2, and General Parts. Each tab has the following headings: Brand, Size, Component, Price, Date Purchased, Condition, and Store.
Under the Price column on each worksheet, a field adds all the prices together. So I know exactly how much I’ve spent on the RC10B74.1, RC10B6.2, and General parts. This eliminates all of the guessing about what has been spent.
So when I’m out racing at RC Pitstop and Raceway and breaking parts, I’ll know exactly what it will cost me to replace it. Hopefully, this helps you track your purchasing parts as well.
