Tracking your spending assists you in answering the
following important questions:
Where and what is my money going?
In what way can I separate my expenses into
categories, so that I may evaluate them?
What boundaries can I set for myself, so that I can
prevent spending on unnecessary things?
In what ways can I track my personal spending to
ensure that my spending stays within my boundaries?
How will I use money I have “found” by closing
monitoring spending to assist me in meeting my longterm goals?
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