3 Ways to Make Tracking Your Expenses a Habit
Tracking expenses is one of the best budget habits you can form.
It keeps you connected with your plan and helps you stay on track with your money goals. You know what you bought, when you bought it, how much you paid, and how much you have left to spend. And since tracking only takes a few minutes, it can be done in no time!
Here are three ways to stay focused on tracking expenses until it becomes second nature.
1. Set a reminder. ome people put sticky notes on the fridge or appointments on their calendar to remind themselves to track their expenses. But you can also set reminders within the EveryDollar app! Decide what day and time you want to be reminded and let EveryDollar do the rest. Now you can go about your busy day and still stay on top of tracking expenses!
2. Check transactions daily. Take a couple of minutes at the same time each day to record your purchases. If you didn’t spend anything that day, you’re good to go. If you did make a purchase, track it right then and there—and then toss the receipt in the recycling! No more paper piles for you.
3. Reward Yourself. Making a habit of tracking expenses is a big accomplishment, so treat it that way! Each day you track your expenses, give yourself a pat on the back. After a week of tracking, celebrate with a special treat or movie night. And then prepare for the biggest reward of all. After a full month, look back at your budget and soak in the satisfaction that comes with knowing you stuck to your plan.
It doesn’t take long for tracking to become a habit. You can even speed up the process by upgrading to EveryDollar Plus, which lets you connect your bank directly to your budget. No more manually plugging in your expenses. EveryDollar Plus lets you drag and drop your transactions, making it easier than ever to stay on track and start winning with money—one tracked expense at a time!