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Don’t Know Where Your Money Goes Every Month?
I’ve been there too. I know the uncomfortable feeling.
It’s kind of depressing. You feel like your living check to check. You have nothing to show for your hard work. Instead of feeling like you should act, you feel numb. Well, this is your wake-up call. More time will pass by, and you will feel stuck in life, at your job, and in your environment, if you don’t make changes now.
Knowing where your money is going means that you have control of your finances and not vice versa. Not only are you telling your money what to do, but it is always working. By working, I mean that your money is earning money. Whether it is invested in your 401k, brokerage Roth IRA, other brokerage investments, high yield savings account, etc.…
Here is how you can ensure that you keep track of where your money is going. You don’t have to do all these things. Pick and choose what resonates with you.
Track your spending
This is the number one way to know where your money is going. Write down every single purchase that you make. You can track your spending in an app, a notebook that you always carry, or on Google Sheets.
I find the app to be the easiest for tracking daily spending. The only time that I don’t track on the spot is if I go to Costco or Target where my…
