Managing your finances can be tedious, but at the same time very rewarding. You might consider it a very hectic exercise to do everyday but once done, with all the patience required, can surely be fruitful. Knowing the intricate details of your spending rituals can help you to keep an easy check of your money.
Whether you are someone who has just started their professional career or very experienced, you must have faced all the trouble regarding how to manage your money.
Being a rookie at finances, it came as a sudden burden to me where I was haphazardly spending and had no track record of it. I have been finding it really hard going. At the end of the month, I was astonished to see the balance in my account and used to wonder, where did it all go?
I would actually say, ETMoney has proven to be a boon to me which truly taught me how to keep a track of my day-to-day spends. This was one thing I used to neglect initially but now I have realized the importance of the same.
There are a couple of things I learned through this app and I thought why not, I should share it with all those newbie’s, who would be in the same boat like me, struggling to learn about how to manage their funds.
Step 1 : Track your day-to-day expenses
The first step to taking control of your finances is doing a budget. What the best part is, you don’t have to take a snapshot of your expenses or write it in some diary, ETMoney automatically does this for you. This is one of the major things which attracted me towards the app.
Step 2: Compare your money in and money out
If you’re spending more money than you have coming in, you need to work out where you can cut back. We all know cutting down our expenses is one important thing we never realize where we should be doing that. What if you get the list of all your spending, how easy will it become for you to easily do the same. You would now have all the ammunition to make the changes you need. Moreover, you don’t have to anymore worry about your bill dates now. ET Money will do that for you. Give you reminder for your bills; let you keep a track of it.
Step 3: Understand your spending habit:
Once you keep a track of your day to day expenses, you can easily figure out their extravagances. You would be astounded to see the results at the end of the month about what all were your expenses. There may even be something that makes you question yourself on your bizarre spending.
Step 4: Stay on track:
If all these things are managed by an app for you, it will become easy for a person to stay faithful with their funds.
EASY TIP : Set a weekly budget goal for yourself and plan your days accordingly!
We hope that this insight is able to give you some clarity on the saving process! Moreover, you will be able to save a good part of your income as well, and who doesn’t want that?