Basic ways to track expenses.

To win with money, the actions with money must be changed as well, how possible is this? Of course very achievable but only through the determination of creating a budget and making the decision to stick with it.

With today's post, I hope to highlight expense tracking in simple understandable ways, it is more of a habit that when carried out repeatedly, will yield valuable results.
The first thing to do is to learn how to create a budget, without a budget, it will be difficult to track expenses. When budgeting is done, it means every dollar that comes in has a part to play whether it is in the form of saving, spending, giving, or investing.

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It is funny to hear that, some people think budgeting is a limiting mentality, but that is not the case because budgeting does not limit or control you rather you have the power to control it, giving your money instruction on where it goes exactly, is a form of superpower on it's own.
Setting a budget includes; having a comprehensive list of your income, also have a pure list of your expenses after this is done, proceed to subtract expenses from your income.

The second thing to focus on is to learn to track your money, if you can make money then it should also be in your capacity to track it, side hustles are not to be neglected as well. Even in the presence of your regular income, ensure that you track it.

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What available ways are used for the tracking of expenses;

• The use of writing materials, the old-school method is the use of pencil and paper, some people love the idea of pencil and paper as there is no required access to technology, and an active brain is required for this tracking method.
  This method on the other hand is not always convenient for some people, mixing up numbers and calculating the maths.

• Envelope method: This method includes setting aside different funds intended for different purposes into different envelopes and the purpose is sufficiently utilized.

• Budgeting applications: Every time, there are improved budgeting applications, budgeting has become highly convenient and it has become possible for people to log in to their mobile devices and make clear budgets.
  Although this method is very convenient, there is a need to have access to technology before using it, and in a case where probably the company in charge shuts down operation, every history you have will disappear with it.

Budgeting is very important in terms of financing, and there are several ways to go about it, you just need to stick with what works best for you.

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