Money tracking - Track your money

Budgets help us plan where our money should be going, but it’s really important to track where our money actually goes. Getting a handle on how our money comes in and goes out is the next step to sorting our finances and getting ahead.

Is ours a leaky bath?

Keeping a spending diary

Find it hard to keep track of where the money goes? A helpful trick is to carry around a notebook for a month or two. Write down every purchase paid for with cash (parking, coffee, lunch etc). And add in any receipts for bill payments, etc to get the full spending picture. When it comes to tracking money, the key is to capture all expenses.

Another way to do this is to download a smartphone app that does the job – there are several designed to help us track our spending on the go. You can also find spending diaries online to do on your computer.

Little things like ice creams and parking money really add up, so we’ll need to make sure and include them.

Tracking money online

There are lots of online money tracking tools we can use to see whether we’re spending more than we earn pay-to-pay, week-to-week or month-to-month – or if we have money left over that can be put to good use.

Most banks offer apps that link automatically with your online banking. Another local tool is Pocketsmith.

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Even more...

Money tracking - How to track your money

Is ours a leaky bath?

Keeping a spending diary

Tracking money online

Case study: Rick and Heather Mawby

You may also like...

Baby on the way?

Net worth

Budget - don't fudge it!

Setting goals: Targets to shoot for

Going flatting

Studying

6 steps to live Sorted

Start your safety net

Get your KiwiSaver right

Start tackling your debt

Cover your people, money, stuff

Run your retirement numbers

Set your targets, then hit them!

Guides

Money mistakes we make at uni

For 2021, skip resolutions for something better

Mindfulness, money and this moment

12 Christmas hacks your bank account will love

Shopping Christmas sales online? Read this first.

Identifying your money mindset

Don’t trade forex before reading this.

How to suss out if that website is fake

About

Learning

Resources

Even more...

Log in to your account

Create your free account

Money tracking - How to track your money

Is ours a leaky bath?

Keeping a spending diary

Tracking money online

Case study: Rick and Heather Mawby

You may also like...

Baby on the way?

Net worth

Budget - don't fudge it!

Setting goals: Targets to shoot for

Going flatting

Studying