In some cases, you may have to activate this facility separately. Activate the SMS facility in your bank accountīanks typically send SMSes in case of debits from or credits to your bank account. Click here to open Spendz & manage your small expenses smartly. by separating them from your important bank statements. It enables you to track your small daily expenses like food orders, fuel, mobile recharge, groceries etc. This is where Kotak Spendz comes into picture.
RECORD DAILY EXPENSES FOR FREE
Many of these apps are even available for free online, so you don’t have to spend anything to track your expenses. If spreadsheets are not your strong suit, you’ll love these new-age apps, because they are easy to use and offer a wide range of useful features that can make budgeting and expense tracking a breeze.
RECORD DAILY EXPENSES DOWNLOAD
Or download an expense tracking appĮxpense tracking apps are becoming increasingly more popular, because they help you track your spends on the go. This will help identify the areas in which you tend to overspend. You can even sum up the expenses incurred for different categories of spends and make a note of which of them cross a specific threshold. And you can even highlight the costs that you may have gone overboard with.Īnother advantage of using spreadsheets to track your smaller expenses is that you have the option to include a lot of other relevant information too - like the date, the vendor, the GST incurred on any expenses and so on.
You can color-code the cells and categorize your smaller expenses into several groups, based on the nature of the spend. You can easily sum up the expenses you’ve incurred at any given point. If you’re comfortable using a spreadsheet, you can use MS Excel to note down all your expenses during the month. But going over your paper or digital receipts can help you account for any expenses you may have missed during the month. This is essential because it may not be possible to remember every single expense you had during the day or the week. You can start by making it a habit to ask the seller for a paper receipt. Today, you can get both paper receipts and digital receipts, depending on the mode of purchase you choose. Interestingly, getting receipts for every expense and keeping them organized can make it much easier to track your spends - particularly the smaller ones. Your parents and grandparents may make it a point to get the receipt after every purchase, but receipt tracking is quickly becoming a lost art. So, how do you go about tracking these smaller common expenses efficiently? Let’s look at 5 ideas to make this practice possible. This could be a costly mistake, though, because if you don’t keep an eye on these small daily expenses, they could quickly add up and eat into your savings. In fact, you may be so used to spending on these purchases that they may not even feature as individual items in your monthly budget. However, it’s easy to overlook the smaller expenses like internet bills, electricity costs, or that chocolate you buy everyday on the way home from work. If you were asked to list down some of the expenses coming up in the near future, you may immediately think of big ticket spends - like saving up for your home loan down payment or for buying a new smartphone.
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