How to track your expenses?

Everyone wants to save money and still spend when they want to. When we shop around , even for groceries of household items, we do not realize how much we spend. At the end of the month we think about our expense and cannot figure out how, we are short of money.

Therefore, its always a good practice to track your expense. I track my expense by writing it in a google document. I have created a excel sheet for tracking my expenses, which categorizes the items.

There is also an efficient way to track your expense online. One such method is [url]http://www.mint.com. [img] You can use it for free. The backside of it is you have provide all your banking information to them. And then they track your expense by logging into your account. And give you a summary of your saving or your expense.

That is a good idea. Make sure you save or print
the information out. If you lose power,all your work
is gone.

Some people might like to just
use a plain notebook. If you don't
like to mess around with computers,there
is nothing wrong with pen and paper.