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Do you know how much money you spend and on what?
30/09 2022 Filip Pištora Copy URLShare

Do you know how much money you spend and on what?

Nowadays, it is increasingly important to work properly with the family budget. Without effective financial management, you can have the best salary, but you will still be short of money. Don't worry, it's not difficult to start watching your spending.

An important prerequisite is the motivation to start tracking spending in the first place. As a first step, set a goal for why you want to watch your finances. Do you want to save for a vacation? Do you lack a reserve in your account? Want to start saving for the kids?
The second step is choosing how you will track finances. Pencil and paper still works, but these days there are specialized apps. They can help you track expenses, categorize them, and even set up a family budget.
We'll give you a tip on 3 apps that will help you keep track of your finances:

1. Spendee
An app in English with lots of useful features for managing your family budget. The app can connect to your bank accounts and categorize your expenses down to the last penny. For cash payments, just scan the receipt and record the expense. You can create budgets for each category of expenses in the app, which the app then tracks and alerts you if you exceed them.

2. Wallet
Probably the most popular finance tracking app in the world today. The app supports English and, like Spendee, can connect to bank accounts and track spending automatically. The big advantage is the good functionality of the app in the free version.

3. Revolut
Many of you already have this app on your phone. Did you know that Revolut can also track finances? Just set up your budgets. Apart from just keeping track of your expenses, you can also use it for actual payments as Revolut is both a bank account and an e-wallet.