How Can I Keep Track Of My Spending Patterns?
All know
that spending is easy but keeping and tracking of how, when, where. why you
spent is a more difficult thing in our life. People think that only low to
middle range people only have to take track of their spending. But studies say
that keep tracking on your spending will enhance your interest and makes you
more active upon how and why you spent. It also keeps you away from a boring
life.
So, let's
see how to keep track of your spending patterns. There are so many ways to keep
track of spending and expenses like either in a manual or automated system like
Money/Budget
Management App.
If you want
to choose the Manual way, you can follow these steps.
Manual Way: Can be done with
paper & pencil/ Computer spreadsheet.
Find your
budget starting by writing down your monthly income and expenses like grocery,
utility bills, school/college fees, and so on. Try to keep your expenses less
than or equal to your income.
Focus on
your expenses by categories them as fixed and variable one. Because variable
expense will change from month to month thus it is a little tough to track but
fixed is easy to track because of its nature.
To make it
very simple try to check out your daily expense from your account statements,
it will give you a good understanding of your monthly cash flow.
Automated Way: Can be done with
some Best
Expense Manager App.
It is much
easier to keep track of your spending patterns through budgeting apps because
it is fully automated and just you will need to watch and update whenever you
have spent.
You can
also find here such a secured android/ios app for free from Timelybills.
To More Details visit:
Get it on Google Play store:
iOS App:
Social Media URLs:
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