![]() Review Your AccountsĪn important aspect of financial management is to regularly review your expenditure. Not only will this app automatically track your finances for you, you can also categorize them, and in case of an emergency, get a personal loan too! 5. This app is available in 7 languages and has been downloaded over 10 million times so far. The Money View Money Manager app ensures seamless finance management and is the top financial management app in the country. What if there was a better option? What if there was an app that could do all the work for you? The process is time-consuming and cumbersome. While manually keeping track of your spends is effective, it can lead to errors. will ensure that you track your spends effectively. ![]() Segregating your expenses into categories such as monthly bills, loans, shopping, groceries, etc. Not all transactions are of the same nature and categorizing them will help you understand your expenses even better. You can also use specific ledgers or journals for this purpose or even Microsoft Excel.īut what if there is an even better way to record your transactions without much effort from your end? More on this below! 3. Just use a regular notebook (that is solely dedicated to this) and jot down your transactions as and when they happen. You do not have to worry about being fancy. Sometimes the easiest way to keep track of anything including your transactions is to just note them down. Not only will you be able to track your finances in real time, you will also have a record of these transactions handy for you to conveniently check later on. Getting notified by your bank each time there is a transaction is a great way for you to track your money. Here are 5 steps you can follow to track your expenses – 1. Reaching your financial goals will be a lot easier if you know where and when you are spending and saving. You will also understand your spending habits better.Īre you someone who splurges on shopping as soon as you get your salary or are you someone who sticks to your budget no matter what? Understanding your habits will help you manage your finances effectively. ![]() Why Should You Keep Track of Your Expenses?īy tracking your expenses, you can find out where you are spending unnecessarily which can then be controlled. If you don’t know where your money is going, how can you manage your money? While planning and budgeting is important, unless you are aware of your income and expenses you will still not be able to effectively manage your finances.
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