tracking your budget

budgeting & beyond

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what's in this lesson?

Once you’ve created your budget, there are a few more things you need to know to make sure it actually works the way you want it to. In this lesson we’ll go over the importance of tracking your budget and all of the different methods you can use to track your budget.

tracking your budget

budgeting & beyond

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  • Overview
  • Transcript
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tracking your budget

budgeting & beyond

Once you’ve created your budget, there are a few more things you need to know to make sure it actually works the way you want it to. In this lesson we’ll go over the importance of tracking your budget and all of the different methods you can use to track your budget.

So you did it! You created a budget and you’re well on your way to experiencing the state of bliss that comes along with knowing exactly where your money is going. But first, you’ll need to know exactly how to track it.   *If you haven’t actually created your budget yet and you somehow ended up on this lesson, make sure you watch why you need a budget & the 50/30/20 rule of budgeting asap.*   So why is it so important to track your budget?   When you know exactly where your money is going and how much you’re spending in each of your budgeting categories, you can make any necessary adjustments a whole lot easier. Tracking your budget helps you identify the areas in which you don’t want to continue spending a ton of money (like on all those DoorDash orders — they add up!)   What’s the best way to track your budget?   Luckily, there are a TON of free budget tracking templates online & plenty of apps you can use to start tracking your budget asap. We’ve linked some of the most popular ones below in the Lesson Resources section if you want to check them out.   One of the easiest ways to track your budget is by using one of the many free (and sometimes paid) apps on your phone. Many of these apps will sync directly with your credit cards or bank account — and yes, they’re extremely safe & secure — to track your spending and break it down by category for you. Less math for you to do yourself, woot!   So there ya go, once you have your budget ready, get to trackin’! The whole process can be as easy or as involved as you make it… but we think you’ll find it’s not so bad after all. Tracking your budget can even be kind of… fun?!

what's in this lesson?

Once you’ve created your budget, there are a few more things you need to know to make sure it actually works the way you want it to. In this lesson we’ll go over the importance of tracking your budget and all of the different methods you can use to track your budget.

Transcript

So you did it! You created a budget and you’re well on your way to experiencing the state of bliss that comes along with knowing exactly where your money is going. But first, you’ll need to know exactly how to track it.   *If you haven’t actually created your budget yet and you somehow ended up on this lesson, make sure you watch why you need a budget & the 50/30/20 rule of budgeting asap.*   So why is it so important to track your budget?   When you know exactly where your money is going and how much you’re spending in each of your budgeting categories, you can make any necessary adjustments a whole lot easier. Tracking your budget helps you identify the areas in which you don’t want to continue spending a ton of money (like on all those DoorDash orders — they add up!)   What’s the best way to track your budget?   Luckily, there are a TON of free budget tracking templates online & plenty of apps you can use to start tracking your budget asap. We’ve linked some of the most popular ones below in the Lesson Resources section if you want to check them out.   One of the easiest ways to track your budget is by using one of the many free (and sometimes paid) apps on your phone. Many of these apps will sync directly with your credit cards or bank account — and yes, they’re extremely safe & secure — to track your spending and break it down by category for you. Less math for you to do yourself, woot!   So there ya go, once you have your budget ready, get to trackin’! The whole process can be as easy or as involved as you make it… but we think you’ll find it’s not so bad after all. Tracking your budget can even be kind of… fun?!

Additional Resources

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