Today, everything is money. It is an asset for both individual people and business firms. But, expenses are killing it. A wise way to money management is money control. But, how to control it?
The answer is via expense tracking. Yes, tracking your monthly expenses will give you a brief insight into your money flow. It will help you make better decisions to save money deducting unwanted expenses.
Before you start working on expense tracking, Create a monthly budget. Count all your necessary monthly expenses and make a note of it, it will help you analyze your budget. Though you might have to deal with some sudden expenses, but still planning a budget would be of good help to you.