Keep track of your spend­ing

HWM (Malaysia) - - FEATURE -

It’s easy to lose track of your monthly ex­pen­di­ture. We’ve all been at the re­ceiv­ing end of a rude bill shock one time or the other. Things are even worse if you’re a techie, in­un­dated as we are by an un­ceas­ing del­uge of shiny gad­gets that flash, pop, and sparkle.

We’d tell you to get some self-con­trol, but we know from per­sonal ex­pe­ri­ence that some of us just aren’t very good at be­ing re­spon­si­ble adults. Still, you don’t have to be a hap­less vic­tim to the sweet magnetic pull of con­sumerism.

One sim­ple way would be to ac­tu­ally keep track of all your ex­penses so you know when you’re spend­ing too much. This will help make you more con­scious of how many times you’re swip­ing that card, and also al­low you to plan ahead.

An app like Dol­lar­bird can help you note ev­ery­thing down. It’s es­sen­tially a per­sonal fi­nance tracker that uses a sim­ple cal­en­dar-based in­ter­face to record your daily ex­penses.

Fi­nan­cial plan­ning can def­i­nitely get con­fus­ing (what was this fig­ure for again?), but the app will also al­low you to en­ter re­cur­ring ex­penses and in­come like util­ity bills, rent, and your salary. With your monthly cash flows keyed in, Dol­lar­bird can even give you a five-year fi­nan­cial pro­jec­tion.

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