Tracking expenses vs Setting a budget

[batang_bitcoin]

There are people who spend so mindlessly that the next day they don’t even remember what they spent their money on. I found that setting a budget while also tracking spending is the best to save and monitor our spending.

Those people are reckless spenders. I know that kind of thinking because I've been into that state before. I thought that I'll earn the money that I've spent the next payday and that's why I don't mind what I am spending. Not until, hard realizations got me and it shows that I only work to live and survive and I've got nothing left every time I receive my salary. All of those bad situations will put us into the light and admit our fault that has to be changed. Because if we're not going to do that for ourselves and we'll not change for the better, we'll be stuck on it for the rest of our lives.

[Cheema02]

There are people who spend so mindlessly that the next day they don’t even remember what they spent their money on. I found that setting a budget while also tracking spending is the best to save and monitor our spending.

Those people are reckless spenders. I know that kind of thinking because I've been into that state before. I thought that I'll earn the money that I've spent the next payday and that's why I don't mind what I am spending. Not until, hard realizations got me and it shows that I only work to live and survive and I've got nothing left every time I receive my salary. All of those bad situations will put us into the light and admit our fault that has to be changed. Because if we're not going to do that for ourselves and we'll not change for the better, we'll be stuck on it for the rest of our lives.

Your point highlights the reality of spending and its seems to be easy to spend money carelessly but reality give us an important thinking. With every month people thinks that through their salary they fix everything but without estimating expenses we meet the same problems. But with managed budget and with controlled spending we goes to saving for future and with little change in habits like avoid impulse purchasing we gradually forward for a better financial track. If we take changing in mindset then we could be manage money stress easily and also remains confident and alert in harsh conditions. So we should have long term goals which help us to build a strong future for us and with discipline and consistency we ensure long term progress.

[batang_bitcoin]

Those people are reckless spenders. I know that kind of thinking because I've been into that state before. I thought that I'll earn the money that I've spent the next payday and that's why I don't mind what I am spending. Not until, hard realizations got me and it shows that I only work to live and survive and I've got nothing left every time I receive my salary. All of those bad situations will put us into the light and admit our fault that has to be changed. Because if we're not going to do that for ourselves and we'll not change for the better, we'll be stuck on it for the rest of our lives.

Your point highlights the reality of spending and its seems to be easy to spend money carelessly but reality give us an important thinking. With every month people thinks that through their salary they fix everything but without estimating expenses we meet the same problems. But with managed budget and with controlled spending we goes to saving for future and with little change in habits like avoid impulse purchasing we gradually forward for a better financial track. If we take changing in mindset then we could be manage money stress easily and also remains confident and alert in harsh conditions. So we should have long term goals which help us to build a strong future for us and with discipline and consistency we ensure long term progress.

And that is why I don't think there is a need to debate on what is needed about tracking your expenses and setting a budget. Because if we want to be financially free, we need both of it. And the application that it can be done to each of us are going to be life changing. You can now manage your budget when you don't do it before and you're able to realize that because you're not good at it before. But life realization made you to become the better you and you've become so conscious with how you spend money, how you track expenses and how you set your budget.

[Stormisover]

I prefer to set a budget instead of tracking my expenses because tracking my expenses will only give me a headache. I set an amount of money that I want to spend monthly and I multiply my weekly income by 4 to know if I can achieve it and I can. That is enough for me.

But there are some people that may overspend than they are expecting to spend, such people may want to go for the other means which is to track their monthly expenses. That does not change the fact that they can also set a budget.

I know what you are talking about, it can be boring tracking expenses even after having a budget but most of times I only do that to keep in check if you actually keep up the your budget without over stepping on it unknowingly or to find out if there were other mistakes along the line, the best thing is to do that which brings the level and kind of fulfilment you want, I do make budgets and as well as keeping tracks of my expenses whenever I deem it fit to do that because it is all the times.

[beerlover]

I realized, while I do believe that we are earning very little compared to what our parents did, and living is a lot more expensive these days and debt is getting ridiculously high, I think it's also important to track expenses and making a budget still may work. I know that it is not common and I know that it will take a while to get used to it but we have to realize that it is still the best way to cut corners from anything we can.

I have cancelled almost all my memberships and subscriptions this month, and I didn't now even I had some of them, and it totalled nearly 100 dollars! I did not even know I was paying that much and got mad when I learned and glad that I took a look at it because it's seriously going to profit a lot.

[Mate2237]

What do you mean by tracking expenses tracking expenses to me is invariably saying that you are trying to set up a budget concerning your spending, trying to merge the two will not be easy for any one because to me it will be confusing for anyone to track and at thesame time have a budget. The best thing should be always have a budget and keep to your budget when it comes to spending because when you follow up a budget it will help you to check your spending.


The role of budgeting is one thing that we can't over emphasize because budget is the first thing that should be mentioned even ever someone is talking spending.

[AmaGold70]

Tracking your expenses and setting a budget are two necessary tools to manage your money and these two things should go together. Tracking your expenses will enable you to know if you are overspending and budgeting will make you to be precised in your spending, what ever that is not in your budget you don't buy thereby saving you from unnecessary expenses. More also to be able to manage your money properly, setting your scale of preference is necessary, your scale of preference will enable you to spend your money properly and according to the importance of your needs.

[yixichloro2xx]

‎I think setting budget is very important, its like a plan which makes you avoid spending lavishly. Having a budget helps to know how much to spend, how to save and moreover what to avoid before the money even leaves your hand. If we don't have a budget, it can make us spend on things that are irrelevant and you only realize your mistakes later on. But writing budget alone won't work, you as a person need to be disciplined by following it. Tracking your expenses is very important, because it shows you where your money goes into. Budgeting without tracking might cause mistakes. So incorporate both together.

[dunfida]

Those people are reckless spenders. I know that kind of thinking because I've been into that state before. I thought that I'll earn the money that I've spent the next payday and that's why I don't mind what I am spending. Not until, hard realizations got me and it shows that I only work to live and survive and I've got nothing left every time I receive my salary. All of those bad situations will put us into the light and admit our fault that has to be changed. Because if we're not going to do that for ourselves and we'll not change for the better, we'll be stuck on it for the rest of our lives.

Your point highlights the reality of spending and its seems to be easy to spend money carelessly but reality give us an important thinking. With every month people thinks that through their salary they fix everything but without estimating expenses we meet the same problems. But with managed budget and with controlled spending we goes to saving for future and with little change in habits like avoid impulse purchasing we gradually forward for a better financial track. If we take changing in mindset then we could be manage money stress easily and also remains confident and alert in harsh conditions. So we should have long term goals which help us to build a strong future for us and with discipline and consistency we ensure long term progress.

And that is why I don't think there is a need to debate on what is needed about tracking your expenses and setting a budget. Because if we want to be financially free, we need both of it. And the application that it can be done to each of us are going to be life changing. You can now manage your budget when you don't do it before and you're able to realize that because you're not good at it before. But life realization made you to become the better you and you've become so conscious with how you spend money, how you track expenses and how you set your budget.

Actually these both things are connected to each other on which simply means that you would be needing to set a budget on which it would be inline on how much you are earning on which means that for you to be able to have a savings then you should be needing to track your expenses and if you arent that good when it comes to this aspect then you would be having a hard time on achieving on having some extra specially if you are a type of person whose that really that spending up like a mad man. Always be considerate or mindful about your spending specially if you do have goals in the future on having some investment or buying up something then you would be needing to save up. Cut unneccessary expenses and be able to save up on which we know that these are just that a normal approach on which you do need to track everything.

The key on here is that you should be only spending into the amount that you do know that it would be fitting out on your needs and not mainly focusing on wants on which this is where most people do fail on doing so.

[Jateng]

I prefer to set a budget instead of tracking my expenses because tracking my expenses will only give me a headache. I set an amount of money that I want to spend monthly and I multiply my weekly income by 4 to know if I can achieve it and I can. That is enough for me.

But there are some people that may overspend than they are expecting to spend, such people may want to go for the other means which is to track their monthly expenses. That does not change the fact that they can also set a budget.

Setting a budget means saving yourself from future stress. By budgeting, you can understand where your money should be spent and how much you can afford to spend. Planning your finances allows you to enjoy life without guilt and also protects you from unexpected problems. Budgeting does not mean being miserly it helps you become financially strong and responsible. When receive my salary first separate all my bills and fixed expenses. After that, whatever amount is left is used for savings and personal needs. I have planned to buy something expensive then make planning for it few months before

[GIF-JOBS]

I prefer to set a budget instead of tracking my expenses because tracking my expenses will only give me a headache. I set an amount of money that I want to spend monthly and I multiply my weekly income by 4 to know if I can achieve it and I can. That is enough for me.

But there are some people that may overspend than they are expecting to spend, such people may want to go for the other means which is to track their monthly expenses. That does not change the fact that they can also set a budget.

Setting a budget means saving yourself from future stress. By budgeting, you can understand where your money should be spent and how much you can afford to spend. Planning your finances allows you to enjoy life without guilt and also protects you from unexpected problems. Budgeting does not mean being miserly it helps you become financially strong and responsible. When receive my salary first separate all my bills and fixed expenses. After that, whatever amount is left is used for savings and personal needs. I have planned to buy something expensive then make planning for it few months before

Setting a budget can protect us from unnecessary expenses very well, in daily life when we want to live without a budget, we spend an amount of money beyond what is necessary, with which we can continue to save for the future very well, which will bring benefits to us in the future. But due to the lack of this budget, we spend a huge amount of money unnecessarily, which we do not get any benefit from, but at the end of the month all our money is spent, as a result, no savings are created for our future. This kind of habit is very bad, those who have this nature can never improve anything good. In the path of life, we first have to change our spending habits, we cannot waste money on something that we do not need, rather if we keep this money in a savings state and continue it, then at some point we will get very good financial support.

[Unknown Op]

I prefer to set a budget instead of tracking my expenses because tracking my expenses will only give me a headache. I set an amount of money that I want to spend monthly and I multiply my weekly income by 4 to know if I can achieve it and I can. That is enough for me.

But there are some people that may overspend than they are expecting to spend, such people may want to go for the other means which is to track their monthly expenses. That does not change the fact that they can also set a budget.

Setting a budget means saving yourself from future stress. By budgeting, you can understand where your money should be spent and how much you can afford to spend. Planning your finances allows you to enjoy life without guilt and also protects you from unexpected problems. Budgeting does not mean being miserly it helps you become financially strong and responsible. When receive my salary first separate all my bills and fixed expenses. After that, whatever amount is left is used for savings and personal needs. I have planned to buy something expensive then make planning for it few months before

Setting a budget can protect us from unnecessary expenses very well, in daily life when we want to live without a budget, we spend an amount of money beyond what is necessary, with which we can continue to save for the future very well, which will bring benefits to us in the future. But due to the lack of this budget, we spend a huge amount of money unnecessarily, which we do not get any benefit from, but at the end of the month all our money is spent, as a result, no savings are created for our future. This kind of habit is very bad, those who have this nature can never improve anything good. In the path of life, we first have to change our spending habits, we cannot waste money on something that we do not need, rather if we keep this money in a savings state and continue it, then at some point we will get very good financial support.

Your expenses should be low at the all stages of your life because if you will spend more than your income you are in debt which is burden for you and you can't bear that . You should invest your  time to learn how to control your wealth which is an important task for you. People are getting their salary and they are going cinema And private parties where they are wasting their money and they don't know the worth of money. Saving is very important if you are in your young age because you have to do  marriage and for that you should have a bulk of money to give invitation And give party to your friends . People are buying the costly clothes which is not good because you should buy these things which you can buy for three times and if you can't buy 3 then you should not buy 1 .

[Samlucky O]

Tracking your expenses is a good habit to have. Or I thought so. But I recently came across an advice where tracking expenses actually does nothing for you but rather what we should do is just set a budget for every month. No need to track every dollar spent as long as it is within the budget. What do you think? Personally I believe tracking expenses makes us mindful of what we spend the most on and what we should lessen next time. Is it necessary or no?

Tracking expenses is good, it helps us to reduce Alot of unnecessary want to boost our production. Just like you said, it also helps us to be mindful on what we spend money on. I believe many who is old enough to learn may have know what I have said here. But thought setting a budget is also not to be left behind as both work side by side to improve. Tracking expenses comes after budget are a made, that is just the truth of this whole matter. Maybe I didn't get it correctly before but

[coupable]

What do you mean by tracking expenses tracking expenses to me is invariably saying that you are trying to set up a budget concerning your spending, trying to merge the two will not be easy for any one because to me it will be confusing for anyone to track and at thesame time have a budget. The best thing should be always have a budget and keep to your budget when it comes to spending because when you follow up a budget it will help you to check your spending.

It's the poor logic of poor people. They think they have to limit they needs at the level of their incomes. They never think to go out of this circle fearing the debt because the only thing they think about is go into loan debt.
In the other hand, another category of people think that they have to create incomes that can satisfy all their needs. Those are investors and entrepreneurs, who think big.

[RockBell]

Tracking your expenses is a good habit to have. Or I thought so. But I recently came across an advice where tracking expenses actually does nothing for you but rather what we should do is just set a budget for every month. No need to track every dollar spent as long as it is within the budget. What do you think? Personally I believe tracking expenses makes us mindful of what we spend the most on and what we should lessen next time. Is it necessary or no?

That's one of the best thing you can do is for you to track your expenses because that is one of the mistake most people make they take a lot of things for granted, and when you are tracking your expenses you should also have a budget the same time because when you are accountable you will be able to manage your money well this is one of the most useful tools that can help you manage your resource will because one of the things that leads to mismanagement of funds is lack of proper planning.

And this is what makes a lot of difference between people everyone needs to be thought how to manage money because most people don't know at all and if they don't know know what to do with there money they should invest it because that will be better for them. Money management is what have kept a lot of things alive, because a lot of people have gone broke because they did not manage there money well.

[Hamza2424]

Tracking your expenses is a good habit to have. Or I thought so. But I recently came across an advice where tracking expenses actually does nothing for you but rather what we should do is just set a budget for every month. No need to track every dollar spent as long as it is within the budget. What do you think? Personally I believe tracking expenses makes us mindful of what we spend the most on and what we should lessen next time. Is it necessary or no?

Yep, this is a good way to save some money, but only if we are living alone on the budget because if we have family and kids, the budget is not going to be followed, I have been managing funds to some level of my own, and of family, I am sure I can work out with the budget for myself but if I have to manage family then I can't do that.

Because every single time the budget is different, I either have to change it every month, or I can ignore it and focus on earning more. Or we can set some rules like to have some specific amount to be saved at the end of the month.

[Fredomago]

Tracking your expenses and setting a budget are two necessary tools to manage your money and these two things should go together. Tracking your expenses will enable you to know if you are overspending and budgeting will make you to be precised in your spending, what ever that is not in your budget you don't buy thereby saving you from unnecessary expenses. More also to be able to manage your money properly, setting your scale of preference is necessary, your scale of preference will enable you to spend your money properly and according to the importance of your needs.

Indeed, knowing what you need and what you want is something that will allow you to manage your fnances carefully and rightfully.

Though  it's hard to control things especially when there are  emergency or something that in need of using your money, but like what you said
both tracking your expenses and budgetting is two important things that you need to link together to make sure that you'll be able to utilize your
money.

[hyudien]

..

Tracking expenses is a tool to increase awareness, without us realizing it we must have experienced unnecessary or negative expenses, and by tracking every expense, we become more aware and more controlled in using our money, this process also helps us create a more accurate and realistic budget, of course there are some people who do not need to track expenses in detail, because usually they are people with a stable income and already understand their spending habits and control them, for them setting a monthly budget may be enough. However, for beginners or anyone who wants to have more control over their finances, tracking basic expenses is essential.

[whiteblue]

What do you mean by tracking expenses tracking expenses to me is invariably saying that you are trying to set up a budget concerning your spending, trying to merge the two will not be easy for any one because to me it will be confusing for anyone to track and at thesame time have a budget. The best thing should be always have a budget and keep to your budget when it comes to spending because when you follow up a budget it will help you to check your spending.


The role of budgeting is one thing that we can't over emphasize because budget is the first thing that should be mentioned even ever someone is talking spending.

Before making a budget, of course you have to do tracking first, however, in making a budget you need points that need to be entered, for example, electricity bills, water bills, internet quotas, food costs, and many more that need to be tracked first, after that we will make a daily, weekly and monthly list of basic needs that must be recorded, after everything is there then we just have to make a budget, and in that way your budget can be arranged neatly, you don't need to worry about budget errors because when you make a budget you know what expenses must be made, there are mandatory and optional provisions, I think we should have that.

[Dreadboost]

Setting a budget is better than tracking expenses,
You are just keeping records of the damages done, I think it will be better to plan to arrange your expenses to avoid danger
As they say prevention is better than cure, this is a typical example of that.