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How to Track Your Money 2017-07-05T13:44:21+00:00

How to Track Your Money

Keeping track of your money helps you stay on top of important basics such as:

  • How much you have
  • Where it comes from and when
  • Where you need to spend it
  • How much you need to spend and when

Fortunately, it doesn’t need to be a complicated process. Putting together a simple budget (spending plan) identifies necessary expenses (housing, food, transportation, tuition) and the not-so-necessary ones, such as going out for pizza instead of eating at home. A cash flow statement tracks when you spend your money.

Together, they help you prioritize and make sure you don’t spend more money than you have.

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