Pick one day a week like Wednesday. Weigh yourself first thing in the morning after peeing but before eating. Make sure the scale is in the same place on the floor, and you are naked or in boxers only. When re-weighing yourself, keep these conditions consistent.
There are a lot of people that advocate weekly weigh-ins. I disagree. My weight can easily fluctuate 3lb up or down in a single day, even if measured after a poop, before breakfast, naked, with the scale in the same place, dot dot dot.
If I was cutting, had lost 2lb that week, but was (for whatever reason) having a heavy day, the scale could potentially say I was 1lb heavier than the previous week. Then I'm either bummed at my lack or progress or I'm running like a damned lunatic the whole next week trying to increase calorie expenditure.
I say weigh-in every day. Treat each day's weight as an approximation of your actual weight. Don't start flipping out if you seem to gain a pound. It's probably just water or there's a second poop due later that day. Something anyway. Don't worry about it. As the pounds fall off you'll see it.
Plug your weight (whenever you measure it) into Fitday.com. It produces a nice little graph automatically. It's always nice to be able to look back and see the weight gradually going down, even if it does go down in an two-steps-forwards-one-step-backwards manner.
Some people in this forum will tell you I know nothing. However, bodybuilding is a results oriented game and I lost 33lb from Nov'06-Mar'07 (after also reading Tom Venuto's book) and have packed on 31lb of meat since then. Admittedly my abs are not quite so defined as they were 31lb ago, but they're not far off. I'll probably run off 5-10lb Mar-Apr'08 to get bf well into single digits. If you want results, listen to people that have acheived the results you want. P-Funk's an excellent place to start, but I personally disagree with his once-weekly weigh-in recommendation.
Happy Holidays!