Does tracking your spending sound about as fun as going to the dentist? We get it. But just like the dentist is important for your oral health, tracking your spending is important for your financial health.
Obviously recording your spending identifies where you overspend, but there are plenty of other reasons too.
You can say you want to save for specific goals all you want, but if you don’t do it, you’ll never reach your goals.
Recording your spending provides visualization of where your money goes. You can see ‘gosh I spent $50 eating out and now I can’t save for my XYZ goal.’ That accountability is HUGE when you’re trying to meet financial goals.Continue reading “Why you Need to Record your Spending”