What are some common mistakes people make when tracking expenses?

What are some common mistakes people make when tracking expenses?

Some common mistakes include not categorizing expenses, forgetting to track small purchases, and not reviewing expenses regularly.

How can I avoid these mistakes?

To avoid these mistakes, set a regular schedule for tracking, use apps for categorization, and keep all receipts.

Is it better to track expenses daily or weekly?

Tracking expenses daily can help you stay on top of your spending, but weekly reviews can also be effective if daily tracking feels overwhelming.

What tools can I use for expense tracking?

You can use apps like Mint, YNAB (You Need A Budget), or even simple spreadsheets to track your expenses effectively.