It’s good to know where you are spending money, what your monthlies are. Where you can cut down and nickel and dime. Helps with things at the macro level with patterns. Especially with the new found subscription service culture.
I use quickens auto budget, kinda, but if I go over it’s whatever. We live well below our means overall. We pay our CCs off in full each month etc.
It also helps with taxes for things like write offs (though the standard deduction is almost always still the best deal for me) and helps when deciding on bigger spend projects etc (ie: house fixes, cars etc). Like if I have had to put a ton of money into a car and it gets close to the point of the value, is it better to get a new car? Well with quicken I can very quickly go look and see exactly how much I have spent on my truck in the last year.
I’d like to understand - why do want tracking and not budgeting?
It’s good to know where you are spending money, what your monthlies are. Where you can cut down and nickel and dime. Helps with things at the macro level with patterns. Especially with the new found subscription service culture.
I use quickens auto budget, kinda, but if I go over it’s whatever. We live well below our means overall. We pay our CCs off in full each month etc.
It also helps with taxes for things like write offs (though the standard deduction is almost always still the best deal for me) and helps when deciding on bigger spend projects etc (ie: house fixes, cars etc). Like if I have had to put a ton of money into a car and it gets close to the point of the value, is it better to get a new car? Well with quicken I can very quickly go look and see exactly how much I have spent on my truck in the last year.