Key to tracking your expenses

It's absolute meaningless to track what you bought. Instead, you should track why you bought. Taking a taxi to the office is different than taking a taxi to the bar, and eating outside on Friday night with the boys is different than eating a lunch during workday.

I used to track what I bought, and my Friday night's expenses could look like this:

Now I'd just mark it all under 1 category:

This makes much more sense and it tells me why I use my money, not exactly what little things I bought.

This is kinda besides the point of this post, but if you're interested here are most of my expense categories. I left out some niche stuff which isn't relevant to anyone but me.

Question, comment, or something else? Email me ✉️

#journal #finance