Creating your own cash tracker is easy.  You want to either do this on Excel, using your Banking aps or even just doing it the old-fashioned way of writing it down in a journal.  A cash tracker is a budgeting journal to keep track of all funds flowing in and out of your account.  You will create a journal that tracks the income coming into your account and then tracks all the expenses that go out each month.

Tracking expenses automatically forces you to re-evaluate the way you spend money and allows you to see first-hand exactly where your hard-earned income is going.  Over time, you will be surprised at how consciously involved you will become in tracking your daily finances.  I guarantee one you begin you will be more motivated to pay down debt and eliminate high-interest charges and monthly carrying costs.

Christine’s Tip:

The reality is, everyone should be tracking, and once you start you will be on the road to successful money management.

You can find an example of a CASH TRACKER in my book: How to Retire Debt Free & Wealthy.