A sure way to set your budget up for failure is by using unrealistic numbers. You can’t just pull imaginary numbers from the sky, and then try to mold your life around those numbers. You need to be doing the opposite! What’s happening in your life needs to be the guiding factor when creating your budget, and then it will become much easier to stick to the budget you created.
The real and most important reason to track your spending is to create financial awareness. If you don’t know where your money is going or how you spent it, you can’t identify which habits you can change to make your money work for you.
Expense Tracker Additional Resources