Tracking your spending is one of the best ways to see where your money is going each week or month. It’s also a crucial part of the budgeting process, so you can set realistic financial goals that fit your current situation.
In this episode, learn why tracking your spending is an important part of any family budget, how to track your expenses manually, how to use budgeting apps and software to automate the process and other tools to consider.
Why tracking your spending is important
How to track your spending manually
How budgeting apps and software can help you automatically track spending
Quicken Simplifi is among the best budgeting apps you can download. It's robust, yet easy to use. With customizable tools, Simplifi lets you see where you've been, where you're at now and where you're headed financially.
No sales calls.
Accessible from anywhere with desktop and mobile applications.
Budgeting apps we love
- Rocket Money
- Empower (formerly Personal Capital)
- You Need A Budget (YNAB)
- Marcus Insights
Experience a fresh way to manage your money with Rocket Money.
Track your spending to build positive money habits, create a budget that works for you, gain insight into your credit score, credit report, and net worth, put your savings on autopilot, and get control over unwanted subscriptions with the free app.
Other budgeting apps to explore
Resources to check out
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Kevin Payne is the budgeting and family travel enthusiast behind FamilyMoneyAdventure.com. He’s also the host of the Family Money Adventure Show podcast, where he helps families learn to manage their money better so they can afford to do the things they love.
Kevin is a freelance writer specializing in personal finance and travel. He is a regular contributor to USA Today, Forbes Advisor, Bankrate, Fox Business, Credible, and CreditCards.com.