template for tracking daily expenses google docs

Template for tracking daily expenses google docs registration#

There are plenty of budgeting methods to choose from, but we’ve detailed some tried-and-true approaches below. Once you understand your current spending habits, make a plan. Create a “Miscellaneous” category to track small purchases that don’t fit into your everyday spending. For example, if you subscribe to multiple streaming services, those can be simply grouped under “Entertainment” or “Subscriptions.” Food expenses can be broken down into “Groceries” and “Eating Out,” don’t worry about tracking things like takeout versus drive-thru unless it’s going to help clarify some spending patterns for you. At some point, it’s best to just group things together. Getting too granular will make budgeting more of a chore, which in turn, makes it less likely to happen. There’s a delicate balance between knowing absolutely nothing about your spending and knowing too much. Going more detailed with your categories (and tracking) can give you an even better snapshot of your spending habits-up to a point.

Template for tracking daily expenses google docs registration#

Occasional costs like vehicle registration fees or your dog’s vet visits should be budgeted for, too.

Create categories to keep track of everything you buy. Track your spending for at least one month to get a realistic picture of your finances.Īt a minimum, you need to know how much you earn after taxes and how much you spend on basics like housing, food, transportation, healthcare, and entertainment every month. To win at budgeting, you first need to know where your money goes. You’ve got plenty of different methods to choose from, and you can even mix and match, borrowing the best pieces from different strategies to create a budgeting style all your own. Budgeting isn’t a one-size-fits-all thing. If you’ve struggled to pull it off in the past, it’s possible you just haven’t found an approach that fits your personality and financial situation.

Not knowing where your money is going is unorganized at best, and at worst ensures you’ll stay in debt and far away from your financial goals. Let’s face it, for most people, budgeting isn’t even interesting.