Tracking Monthly Expenses – Personal Budgeting

Budget Board

Table of Contents

Tracking your Expenses

Tracking your expenses is the ideal way to see where you are spending your money. Working to pay off your debt, this is an essential part of seeing where the money trail ends up.

This is where you will start keeping track of all your receipts and writing down what you are spending. Use a notepad or setup a spreadsheet, use an app. Just as long as it is something that you will use regularly

Understand your spending habits

Getting to understand your spending habits can highlight any problem areas you need to target.

See our expenses and income worksheet to help you get started. Typically over the course of a month, you can get a good idea of your spending. You can also review your past bank/credit card statements and review a bit more in-depth that way.

Tracking Monthly Expenses Template

For our PDF income and expenses worksheet, we tried to cover all the main areas. You may need to make some modifications based on your personal situation. Another option to help with your tracking is to categorize your spending based on the stores that you frequent. This can still be a viable way to see how/where you are spending your money. The main goal here is to be able to properly track your spending.

The main sections from our PDF are:

  • Fixed Monthly Expenses – ‘same amount’ of expenses you see each month.
  • Variable Monthly Expenses – average monthly cost of expenses that differ from month to month.
  • Infrequent Expenses – average monthly costs of items that typically only occur once or twice a year.

Start tracking your expenses now! Devise a system that will work for you, track the proper categories so you can know where your money is going so you can work towards getting back on budget.

 

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

Share This!

They seem to have given me back control over my earnings.
Theophilus Hove (Tad)
1713483040
Very professional and prompt service . Jackie made my experience very easy . Thank You
Frederick Kirby
1713479696
I can't praise Cori enough from David Sklar & Associates. Cori's acceptance and understanding of the diverse needs and concerns of her clients shines through with zero judgement. She made this process smooth and relieved much of my stress and anxiety around debt. Thank you!
Karen Swan
1713270908
My husband worked with Chen Siga, he walked us through our options and then through the process of getting everything done. Everyone we dealt with was very helpful. Overall a wonder experience, we are so glad we contacted them and got the help we needed.
Amanda Thomas
1712858943
I have been surviving on paycheck-to-paycheck basis and could not go any further because the lending interests just accumulated beyond what I can afford. Fortunately, a good friend recommended Grace Cuffaro from David Sklar & Assoc. and I finally got to settle my financial obligations in a reasonable way. Don't go anywhere else; ignore those financial brokers and social media ads who just want more money from you - go directly to the people who can really save you from drowning in debt.
REX ADAME Southern Ontario Canada
1712776241
I recently had the privilege of working with Trina at David Sklar & Associates, and I cannot praise her enough. Trina’s commitment to her clients goes above and beyond the norm. Here’s why she stands out:Incredible Knowledge: Trina is well-informed and deeply understands her job. Her expertise shines through as she navigates complex processes effortlessly.Client-Centric Approach: Trina doesn’t just follow procedures; she genuinely cares about her clients. She takes the time to listen, empathize, and tailor solutions to their unique situations.Clear Communication: Explaining financial matters can be daunting, but Trina excels at breaking down each step of the process. Her clarity and patience make even the most intricate details understandable.Availability and Accommodation: Trina’s dedication extends beyond office hours. She accommodates last-minute changes and ensures her clients feel supported throughout their journey.In summary, Trina is a gem in the world of customer service. If you’re seeking debt resolution, don’t hesitate to reach out to David Sklar & Associates—and ask for Trina. You’ll be in capable, caring hands.Thank you, Trina, for making a difference!
Darren Augustin
1712689928
Jerry Janiec is very helpful and professional. Thank you.
Urszula Kazula
1712507303
Unbelievable people who just want to help and I'm thankful
David Siria
1712427778
Jackie is awesome!Thank you for pointing me in the right direction.
Cindy McCormick
1712371745
Professional, knowledgeable and people oriented. Unfortunately for me, I had to ask for their assistance a few time and never regret about their service. 5 out of 5. Highly recommended.
Alexander Mikhyeyev
1712355497
js_loader
DS david skalr icon

Book your free consultation.

Call 1-844-962-9200 or fill out the form below. We’ll do the rest.

Contact Us