Curious about personal finance
Hey guys and girls,
How much time you spend to track your monthly expenses and analyse your spendings to achieve your financial goals?
If yes, which tools you use?
*Time per month
Excel. Just 1 hour once every month.
gpay transactions page
Save and invest automatically
I maintain an excel sheet where I track category-wise spending with categories like eating out, fitness, groceries, travel etc. I have a budget for each category which I prepared a while ago and I ensure that my spends in each category stay below the budget. I usually write all my expenses on whatsapp as an when I spend something, and once a week or so, I go through the chats and update the same on excel.
My approximate spending per month remains the same, so I only have that much in my bank account every month. I don't use that though as majority of my spends are through credit cards, I just keep that in my bank account for emergency. And right after getting my salary, I invest everything apart from the budget amount that I keep in my account, so that takes care of achieving financial goals.
