Keep track of your spending
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.