Tracking Your Expenses

Saving money is like saving Matt Damon again and again then this man will lost again in the abyss. You need sacrifices and prowess to succeed.You need to focus on what you are achieving and you should be psychologically ready. Because saving money is not an easy task like this days that almost all our basic needs are way too expensive. Not all tips that you read in an article are easy to follow but there are tons of tips that are effective and easy to follow. Just focus on what saving can do to your future.

Lot of us usually gets lost in the little details in managing our money. This little details are very important and shouldn’t be compromise, because this are the foundation of saving your money. List all of your daily and monthly expenses as I have mentioned in my first blog 4 Simple Yet Effective Ways To Save Money this one tip is always forgotten, simple but hard to do or follow. Why does this simple tip is hard to do? lack of time? Hard to create the list? Or can’t read the receipt that you just bought?.

Actually one of the main reason is psychologically you are not really ready to save money. Teaching your mind to change how the way you spend your money is a hard task. Changing your lifestyle all of a sudden is like creating another personality out of you. Been there done that, saving money won’t hurt you if you do it step by step that is why you should do the easiest ways to save money first.

A month of daily tracking on how you spend your money won’t change your  lifestyle, I also advice to track where your money comes(Salary, business). This way you can collect every data where your money goes, where it comes and how you spent it. This data is very important that you will be shock how much you spend on the things that is not really a necessity and how much you can actually save. Make it a habit that everytime you buy something when you get home look at the receipt and list every cent that you have spent. Every little things has its value Gas, rent, bus fare and monthly bills(electricity, water, phone etc). When you do online shopping always search for voucher codes this way you can cut your expenses up to 90%.

There are tons of apps and softwares you can use to list your daily to monthly expenses even a simple and cheap notebook will do the trick. You all just need is discipline and focus on your future. Your enemy here is yourself follow my tips and you won’t lost to yourself again. Forget the clothes or gadgets that are in for this season eventually this things will be forgotten or will be out of season only buy this things when they are on sale. Do the math and always think of ways how to save yourself in the future because the right time to start saving money is now!