I called the bank and was able to tell them the exact day and amount of the mistake, and they credited my account. That was an extra $320 that was taken out of my account. In fact, I recently discovered that my bank had accidentally withdrawn the payment for my daughter’s preschool twice. And if you check your balances each day, you’ll be more likely to catch errors made by your financial institutions. In order to track income and expenses, you’ll need to check your account balances frequently (I recommend doing it every day!). Track income and expenses to catch any fraudulent or erroneous charges The balance fluctuates everyday.Īnd your bank balance could slowly be creeping down each month, without you even realizing it. Money goes in (paychecks and other income) and money comes out (bills and daily spending).
Most people keep the bulk of their money in a checking account. How can you not realize that you’re spending more money than you make? It’s actually easier than you think… So grab a cup of coffee and get ready to take some notes… If you’re not tracking income and expenses, then you could be in trouble without even realizing it. This finance tracking method has worked really well for me, and I would HIGHLY recommend it if you don’t have a home computer.īut I was ready for a change… and I’m kind of a nerd when it comes to creating spreadsheets… so I took my money tracking method and put it in digital form… But more about that later! So it works perfectly for us! Just kidding – he can do math… a little bit.Īnd for the past several years, I’ve been using my weekly planner to keep track of expenses and income. But I can’t boil water, and he can’t do math.
I’ve been managing the finances for my family for the past 14 years.Įver since my husband and I got married, I’ve been the one to pay the bills, keep track of the bank balances, and handle pretty much anything money related.
INCOME AND EXPENSE TRACKER HOW TO
Keep track of expenses and income with these easy tips! Learn how to track paychecks, monthly bills, and daily spending to see if you are spending more than you make! Plus, learn about my favorite budget trackers for tracking EVERY PENNY that you spend and earn!
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