This month's Mighty Money Minute helps you kick off 2017 by giving your finances a fresh start. A smart and simple way to do this is to track where your money is going.
Thanks to online tools and free apps, watching your spending is easy and automatic. It takes a few minutes to set up, but then you're good to go.
Seeing how small daily expenses add up gives you the information needed to spend wisely. Saving a little on the stuff that's not important to you could mean you have more money for the things or experiences you really like.
Tracking your spending can help you meet your financial needs and wants without building up debt. Once you know where your money is going, you can set a spending plan for the year. You can use a budgeting app or our handy online tool.
However you do it, take a Mighty Money Minute to get into the planning habit!
- Go here for a simple worksheet that will get you started: http://www.aie.org/paying-for-college/finance-tools/use-a-spending-plan-while-in-school.cfm
- Not sure how to get started down the path to smart money choices? Make an appointment to meet online with a financial coach for personalized, one-on-one help: https://www.tgslc.org/financialcoaching/index.cfm