When is a monthly expenses tracking useful? This is because services like will track all of your expenditures that you make with a credit card or debit card but there are other expenses that it doesn’t pick up on like the ones you make with cash. There are so many apps to track budgeting but I always found that a spreadsheet is the way to go. I get paid twice a month and I like to pay all my bills near the end of the month so I know exactly how much I spent in one month. Most people get paid once or twice a month and your credit card billing cycle is always on a monthly basis. I track my expenses on a monthly basis because it’s a good way to create a start and end date to your expense cycle. The one and only secret to maintaining a budget is to be consistent. This means always following your plan and sticking to it. This means really looking after how much money comes in and how much money goes out. Over the years, I’ve managed to get a grip on my finances by following a close budgeting schedule. Between racking up credit card debt, student loans, high cost of living in New York, and just a general sense of YOLOing (before it was a thing, I was in a terrible financial state. When I first started working coming out of university, I was all over the place with my finances. Having a firm grasp on your budget is the first step to financial success and freedom.
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