What you don’t measure cannot be improved. If you have no idea what is your inflow and what is your outflow, you will not be able to make changes to it or control it. So the first step to managing money is to track what is coming in and what is going out even if it means that your outflow is more than your inflow. Just track everyday.
Make it a habit to take note of what is coming in and what is going out, if not everyday, at least once a week. You must have an understanding of your financial status at all times.
You don’t need jazzy apps to do this. Just a simple spreadsheet will do. It has just four columns: date, item (description), amount, type (inflow/outflow). Track your status diligently. Your brain will be able to tell you what next when it gets a picture of the data.
🥂to tracking!
