Only if You Know Where Your Money is Really Going!
You have heard a lot about how and why you should create a budget? You know too that you don’t only need to create a budget but also ensure you use it.
Now, I want to additionally say that you also need to track and record your expenses as you are making them- (in line with your budget).
It is when you know how much you are spending and exactly where they are spending them that your budget becomes a financial management tool.
I can summarily say that creating a budget is good, using it is better but tracking and recording your expenses is the best. That is the only way to make it a forward-looking tool and not the other way.
So, decide today to always know where your money goes.
