This is one of my goals for 2008. I started tracking every penny January 1st.
If you are a person who uses a notebook to track spending, saving receipts, I found a great home budget book at Staples for $10.00. It's called Adams financial records Home/Office Budget.
It's a easy-to-use finance management book designed to track daily, weekly, and monthly expenses. It includes sections for Tax preparation records, Investment records, Insurance/Health records, and home imporvement records as well. Simplified Layout pages are organized in a simple format with common monthly expense ites listed first (mortgage/rent, electricity, trash/water) and variable items last (groceries, medical bills, cleaning, etc.)
Income - Adequate space for an individual and spouse to record primary income, in addition to any other income. Space in which to total all earnings has been included.
There is a totals column for each of your expenses. The book also has total expense, allows for totaling of each weekly expense entry to arrive at a monthly figure. There is a column for your expenses and a column for each day of the month. It's numbered from 1 -31. Pages are not pre-dated. Begin maintaining home budget immediately without wasting pages.
This book also has a yearly summary designated for annual review of budget once monthly totals are recorded.
I LOVE this budgeting book. It helps me keep every thing organized.