What are some common mistakes in expense management?
Some common mistakes include not tracking expenses regularly, failing to categorize them, and overlooking small purchases.
How can I avoid these mistakes?
To avoid these mistakes, implement a regular tracking system, use expense management software, and review your expenses monthly.
What tools can help with expense management?
Tools like Expensify, Mint, and QuickBooks can help streamline your expense management process.
Is it important to categorize expenses?
Yes, categorizing expenses helps in understanding spending patterns and making informed financial decisions.
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