How is it possible to track your spending without having an issue and become crazy?
It can be hard to keep up with your finances while in college, especially when you’re so busy with classes, homework, and exams. However, it’s very important to keep track of all your spending. This way, you’ll be able to set up a budget for yourself and make sure you have money to spend on the things you need at any given time. There are so many ways you can now keep track of your spending and set yourself a budget. From apps to websites, there are plenty of tools out there that are here to make this as easy as possible for you.
It’s a simple instrument that can allow you to track all the expenses you do in a month and use as a mirror of your bank account. Create a file where you note on one hand the total budget you have, and on another hand the single expense you do. You can sum all the expenses per week, per month or as you need and subtract it from the whole budget. You can have the simulation of your bank account and always keep track of your expenses.
Another way to keep track of your expenses is a note app on your phone. You can choose among a large offer on the app stores and download the app that is more compliant with your needs. When you buy anything, just write it down or at the end of the month, you can add it all together.
If you mostly use your credit card to buy things, this is a great tool to use to keep track. Since this resource is free, however, it isn’t always too detailed. Each week you get a summary of your expenses and a chart to show you what you spend the most money on. On top of that, you can set yourself savings goals and the app will track how much you need to save every month plus how close you are to the goal.
This is a great system if you use cash more often than not. Since online shopping is so popular, this might not be the best system. However, it’s still great to use for all your outings and when you do use cash. Keep all the money you budgeted for eating out in one envelope, then write down how much of it you spent until it’s done. Once it’s empty, you know you can’t spend any more money on eating out without going over your budget.
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