In this week's episode, we are discussing tracking your expenses as the first step to financial security. Tracking previous expenses shows you how you’ve been spending your money, so you can better assess how to change your future spending to align with your goals and values.
Welcome to the Balanced FI Podcast, episode 4! Thank you so much for listening in!
This episode dives into how and why you should track your previous spending as a tool for changing future spending. Learn what methods are available for tracking spending more easily and how to decide what you want to track.
Tracking previous expenses and continuing to track future spending is the first step in the Financial Security Steps, on your way toward financial security.
Resources:
Read: Track Your Expenses, Financial Security Step 1
Read: Save a Mini Emergency Fund, Financial Security Step 2
Read: Save for Recurring Expenses, Financial Security Step 3
Read: Calculate your Net Worth, Financial Security Step 4
Read: Create a Budget, Financial Security Step 6
Sources:
The Balance: The Best Personal Finance and Budgeting Spreadsheets