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Here’s a tip that I read about some time back, implemented it in my own life, and found it to work.
When you withdraw cash from an ATM, don’t throw the transaction receipt. Instead, keep it in your wallet and each time you spend the cash that you withdrew, note down the expense on the back of that transaction receipt. It’s an excellent way to track your expenses.
What do you think?
Tip Tuesdays is my initiative to share practical personal finance tips — every Tuesday. I’d be delighted if you could share a tip or two from your own experiences. Drop a comment to submit your tip. And, as always, do spread the word if you find this useful.
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.