Kumiko Love Instagram – Why is tracking your spending so important?? YOU CAN’T CHANGE WHAT YOU DON’T KNOW. Furthermore, you can’t improve if you don’t know where you are starting. Everyone’s spending will look different because everyone has different goals, values, and life events. With a clear understanding of your spending habits, it can be easier to make informed decisions and meet your financial goals. Tracking your spending helps you identify areas where you may be spending more than you should, helping you curb unnecessary expenses. It allows you to reduce non-essential purchases and focus on what’s important to you. Here are some other HUGE benefits of tracking your spending: Debt management: By tracking your expenses, you can identify opportunities to allocate more funds towards debt repayment, tackle high-interest debt first, and make informed decisions that lead to financial stability. Saving and investing: You can identify areas where you can save more or invest wisely. Tracking spending helps you set realistic savings goals, contribute to retirement accounts, and invest in assets that can grow your wealth over time. Financial awareness and control: Tracking your spending promotes financial awareness and control. You become more conscious of your financial decisions, avoid impulsive purchases, and make informed choices about how you want to use your money. This awareness and control lead to better financial well-being and the ability to build wealth over time. Have you discovered any surprising spending patterns through tracking your spending? #budgeting #financialplanning #personalfinance #moneymanagement #spendingtracker #budgettips #financialfreedom #savemoney #financialgoals #moneytracking #moneytips #budgeting101 #debtfreejourney  #financialwellness  #budgetplanning #frugalliving #financialhabits #smartspending #moneysavingtips #financialawareness #thebudgetmom #budgetmom