07/05/2020
Record your daily spending every month. This way you can see all the money going out.
Don’t worry about changing your spending habits straight away. Just track day by day.
It might be easier to track with your partner or a friend: you can encourage each other and stay on track.
How to track your spending
1.Use a phone app.
A phone app is an easy way to track your spending at the time you spend.
Some apps offer more options, such as setting spending limits and reminders, and seeing your expenses at a glance.
2. Look at your statements and receipts.
When you use a debit or credit card, every transaction is recorded for you.
You can view or download these transactions using online banking, or look at your hard-copy statements or receipts.
3. Write it down.
Write down every Naira you spend. Include the amount, item (or store name) and date. You should do this for both cash and card purchases.
Do this as you spend, or set a reminder to do it once a day, using your receipts.
4. Avoid cash.
Use your ATM or online banking apps to make payment. It's easier to track expenses that way.
For speak to an expert on how to better manage your finances, call 07089541277 or email us at [email protected].
