Finances: Track expenses regularly

Key Results

• Log daily expenses in an app like Mint or YNAB for 60 days
  Start value: 0, Target value: 60, Notification frequency: Every 2 days
• Categorize and review expenses weekly using PocketGuard
  Start value: 0, Target value: 12, Notification frequency: Every 2 weeks
• Generate monthly expense reports using Quicken or Excel
  Start value: 0, Target value: 12, Notification frequency: End of Month
• Set up and review monthly budget categories in EveryDollar
  Start value: 0, Target value: 12, Notification frequency: End of Month
• Use Trim or Rocket Money to identify and cancel 3 unnecessary subscriptions
  Start value: 0, Target value: 3, Notification frequency: Quarterly
• Reconcile bank and credit card statements monthly using Personal Capital
  Start value: 0, Target value: 12, Notification frequency: End of Month
• Analyze spending patterns quarterly using tools from Wally or Goodbudget
  Start value: 0, Target value: 4, Notification frequency: Every 6 months
• Track and categorize 100% of expenses using Google Sheets for 3 months
  Start value: 0, Target value: 3, Notification frequency: End of Month
• Save receipts and scan them using Expensify for expense tracking
  Start value: 0, Target value: 50, Notification frequency: Weekly

Initiatives

• Use a daily expense tracking app
  Track daily expenses using apps like Spendee or PocketGuard, which provide real-time updates and expense categorization.
• Set up expense alerts with banking apps
  Enable spending alerts in your banking apps like Chase or Bank of America to receive notifications for large or unusual transactions.
• Create an expense tracking spreadsheet
  Use templates from Google Sheets or Microsoft Excel to create a detailed expense tracking spreadsheet tailored to your needs.
• Automate tracking with financial software
  Utilize financial software like Quicken or QuickBooks to automate expense tracking and gain insights into spending patterns.
• Categorize expenses with receipt scanners
  Use receipt scanning apps like Expensify or Shoeboxed to scan receipts and categorize expenses instantly.
• Review expenses weekly with digital dashboards
  Set up a weekly review of your expenses using digital dashboards from tools like Personal Capital or Mint.
• Set monthly expense limits in budgeting apps
  Use budgeting apps like YNAB or Goodbudget to set and track monthly expense limits for different categories.
• Use personal finance trackers for subscriptions
  Monitor and track recurring subscription expenses using apps like Truebill or Billshark.