Tracking Receipts Is Difficult on Paper or Online

Without a receipt, there is no way to trace and measure our spending. If you're good with money, you'll want to keep track of every transaction to prevent yourself from overspending.

We get it though -- paper is a pain. Tracking them online is pretty tedious as well, especially with the age of e-receipts that are sent to your email that would get lost in your inbox. If you let go of your receipts after a purchase, you may never be capable of budgeting your needs.

The moment that you ask yourself: why are you spending more than what you are earning? Why is your bill getting higher and you have no idea how you can manage or minimize it? - is because all the details that you need are in the receipt that you just threw away or set aside.

Try to consider doing these actions to manage your receipts and let’s see how it could change your perspective.

Choose your storage, physically and virtually.

Once you receive a receipt for any purchase, make sure to secure a safe space for it. Some people have labeled jars for specific receipts to make sure that it isn’t cluttered. Others have cloud storages that are sorted through folders. You do what pleases you. When you have taken the time to do this, we can assure you that the moment you would need to review your expenses you would have easy access.

Hire a financial aid

Before you tell us that you do not have the budget to hire someone, keep in mind that financial advisors don’t always work full time. Hiring someone part-time will cost less and they are capable of handling both physical and virtual receipts with ease. You are the only person that can dictate if hiring someone to help you is needed, the best part about having financial assistance at your beck and call like Money Minders, they can manage and assess your expenses with a guide on how you can maximize your budget, isn’t that sweet!

Create a spreadsheet

Some people find it easier to track their receipts through sheets and graphs, especially through Google Suite, however, we aren’t all tech-savvy to do so. Then again, if this method works for you then the best way to do so would be to track each expense needed for the month and allow a column for recreational expenses and savings. After some time you will have an overview of what course of action can save you money.

Of course, we wouldn’t want you to turn into a hoarder of paper and information, once the receipts have been accounted for, feel free to dispose of and delete them. Less clutter in your life may lead to a better future. The only reason why we would want you to keep track of them online or physically is to make sure that you are spending your money wisely.

No one wants to wake up the next day not knowing how to spend their income without going broke. Just a gentle reminder though, people are willing to do this for you at the lowest prices possible, why not give us a call and we can discuss this further.

Check out our services as well and you can fully understand what we do. Talk to one of our financial experts now!