Tracking expenses is one of the best–and easiest–ways to get a handle on your finances. You absolutely, positively cannot make informed decisions about your money if you don’t know how you’re spending it or how much you have. If you’d like to know more about how Personal Capital works, check out my full write-up.
Without a holistic picture of how much you spend every month, there’s no way to set savings, debt repayment, or investment goals. It’s a must, folks. Personal Capital (which is free to use) is a great way for me to systematize our financial overviews since it links all of our accounts together and provides a comprehensive picture of our net worth.Frugalwoods blog
Do you agree with the above? I don’t, I think she has it backwards. You don’t set saving, debt repayment and investing goals after what you spend, you set – and implement – them first which then determines how much you have left to spend and how much you may have to adjust spending.