I’ve learned 3 tips to help with tracking personal spending:
1. Make sure you have some method for tracking personal spending (don’t try to keep it in your head).
2. Track personal spending often (daily or every few days).
3. Don’t over budget with too many subcategories because it makes tracking personal spending too complicated.
All that being said, there must be some good tips out there that can make the process less time consuming.
What tips do you have for tracking personal spending? What have you found that makes this financial management task more efficient?
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About Jason
Jason started blogging in 2009 when he created One Money Design. Since then it has grown into a group of writers with unique personalities and a common goal of helping people on the journey to true financial freedom. Jason is an IT project manager by day, but you’ll find him blogging about personal finance and exploring web entrepreneurship late at night and the early hours of the morning. He’s also actively involved in a financial coaching ministry in his community where he shares principles of biblical stewardship and helps people learn to manage their money wisely. Jason enjoys spending time with his wonderful wife and two awesome children and lives in north Dallas.
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