ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You know where your money goes
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Help you identify serious problems in how you manage your money
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Become more diciplined and organized in your expenditures
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It helps you feel motivated on saving your money
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Detailed explanation-1: -Tracking your spending on a regular basis can give you an accurate picture of where your money is going-and where you’d like it to go instead. Then, by using a budget, you can accurately account for all the bills you need to pay going forward.
Detailed explanation-2: -In a nutshell, expense tracking is a budgeting method for keeping a record of all expenditures throughout a period of time and avoiding getting off-track in your budget.
Detailed explanation-3: -With a daily expense manager, you will be able to allocate money to different priorities and this will also help you cut down on unnecessary spending. As a result, you will be able to save and be able to keep worry at bay. A daily money tracker helps you budget your money so that you use it wisely.
Detailed explanation-4: -Pencil and Paper. Don’t dismiss old school methods. Envelope System. The envelope system focuses on paying cash for as many things in the budget as you can. Computer Spreadsheets. It’s time to talk digital-computer spreadsheets as an expense tracking method. Budgeting Apps. 07-Jul-2022