How can I track my vehicle expenses effectively?

How can I track my vehicle expenses effectively?

You can track your vehicle expenses by keeping a detailed log of all costs, including fuel, maintenance, and insurance.

What tools or apps do you recommend for tracking these expenses?

I recommend using apps like Mint, Everlance, or a simple spreadsheet to categorize and monitor your expenses.

How often should I update my expense records?

It's best to update your records weekly to ensure accuracy and to keep track of your spending habits.

Can I deduct vehicle expenses for tax purposes?

Yes, you can deduct certain vehicle expenses if you use your vehicle for business purposes. Keep detailed records!