If you’ve been with us for a while, you’ve no doubt heard us say that the single best thing you can do to improve your financial wellbeing is to track your income and expenses. In order to embark on a journey, you must first locate yourself on the map. Likewise, before you can make choices about whether or how to change your spending, you’ll need insight into the choices you’re making now.
We typically encourage our clients to choose a method that works best for them, whether by pen and paper, an Excel spreadsheet, or an online expense tracking app, and we are always looking for new solutions. If getting organized about your finances happens to be one of your New Year’s resolutions, we’ve recently updated our overview of expense tracking tools to help you find one that aligns with your preferences and goals.
This overview now includes a new tool called Monarch, and we think it rises above the others! Both Lexi and I have begun using it to track our personal expenses, and so far, we’ve had a positive experience. You can click the link below to view our handout and learn more about it.