When tracking your spend on excel, at a minimum, add a column for (i) Account Source (bank current, bank savings, cash, revolut, CU etc..), and (ii) Expense category (food, car, fuel, mortgage etc.). Then, create a pivot table and all your spending can be summarised in one uniform format. I also added columns such as Year, Month, Week #, Day and Vendor Name which allowed me analyse spend even further and see patterns of behaviour.I put a budget in place to ensure that the main bills come out of a separate account and that I always have enough in that account to ensure no issues with direct debits.
However, I am not tracking actual spends very well.. I know I can certainly improve on this area. I do use revolut for most day to day purchases so can see how much I'm spending on groceries etc, but I'm not really tracking it that closely.
I'm just about to move house (having sold and hopefully about to close soon on our next home) so feel that now is a good time to try track spending in a more detailed way.
Anyone any additional pointers? I would say I'm good with managing money regarding not being a huge spender but I really want to step that all up a notch now . Thanks
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