Tracking daily expenses for 30 days is critical to understanding where your hard-earned money is being spent and recognize spending patterns. At a time when economic uncertainty is even higher than it was in 2008, this 30-day exercise will help people of all income levels reduce expenses.
NOTE: Given the “Shelter in Place” April’s expenses may be lower than regular months (for example: gas, dining out, activities, etc.). Stay tuned for tomorrow’s tip which will allow you to compare April to a normal month and paint a realistic spending picture.
Feel free to share with your family, friends and employees/coworkers. Millions are facing financial hardship.