How to "Track Expenses" ?

"Expense Tracking" is a process that helps individuals to manage their expenses. Expense tracking software help you balance your checkbook and keep track of investments. Some can remind you to pay your bills, mange your budget and even get online data from your bank account.

Expense tracking software will help you to deal with these questions:
- What are my expenses?
- What is my income?
- How can I reduce my expenses?
- How can I increase my income?
- How do I best budget my available income?
- How much money can I save?
- What is the best way to pay for large expenses?
And more.

Expense tracking process usually contain 5 steps:
1. Learning the current situation of expenses and income.
2. Setting goals, for example: "To buy a house in 5 years without a mortgage" or "To retire at age 40 with a personal worth of $1,000,000".
3. Planning: The financial plan details how to accomplish the goals. It could include for example, reducing expenses, increasing income, or improved investing.
4. Executing the plan.
5. Monitoring and checking.

Expense Tracking Software

"I am always afraid for overdraft", "I don't remember when to pay my bills", "I am working too hard and don't have enough money".
If some of these sentences sound familiar you need an expense tracking manager: A software that will help you to mange and control your finance.


My name is Bob and I am using an expense tracking software for almost 3 years. This software changed my life:
I can now control my expenses. I know exactly how much I spend and what is my income. I know on a daily basis the balance in all my accounts.
By planning my budget I have more free resources. I am not afraid any more to be out of money, or to forget one of my bills.


An expense tracking software should be easy to use. It should have a graphical interface, friendly MMI and ability to run also on PDAs and smart phones when you travel. Your selected expense tracking tool should support multi currencies, periodical events, draft mode, different types of budget management, personal fields etc.
It should have a strong support, a detailed user manual and a lot of people that use it over the years.