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How do I keep track of my expenses?

Curious about expense management

How do I keep track of my expenses?

Keeping track of expenses is important for maintaining financial health. Here are some ways to keep track of your expenses:

1. Use a budgeting app: There are many free budgeting apps available on the app store that can help you track your expenses. Some popular budgeting apps in India include Money View, Walnut, and ET Money.

2. Maintain a spreadsheet: You can also maintain a spreadsheet on your computer or phone to keep track of your expenses. You can create columns for the date, category, amount, and notes.

3. Keep receipts: Make it a habit to collect and keep receipts for all your purchases. You can use these receipts to crosscheck your expenses and ensure that they match your records.

4. Review your bank statements: Reviewing your bank statements regularly can help you keep track of your expenses. Make sure to check for any fraudulent transactions and ensure that all your expenses are recorded correctly.

5. Set spending limits: Setting spending limits for different categories of expenses can help you stay within your budget. You can use apps like MobiKwik to set spending limits for various categories.

Remember, keeping track of your expenses is the first step towards achieving your financial goals.

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