SG Budget Babe
Asked 4w ago
Find it difficult to track every transaction down, sometimes with different wallets e.g grabpay favepay etc (with cashback involved)
Top Contributor (Nov)
I'd say use the Seedly app in general for budgeting or tracking; I'm sure Kenneth and the team have made immense efforts to make sure it helps users like you :)
I started over 10 years ago and back then it was just excel and pivot tables to analyse my spending patterns; things are now much easier. Still, old habits die hard and I'm using excel till this day. Keying in everything manually. That reminds me, I better go key today's expenses and classify them...
Top Contributor (Nov)
Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/
There is a downloadable excel sheet that is capable of helping you do the tracking.
Next, create a budget that is capable of helping you to plan for the future. The best way to do this is via automation and this is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly-budget/
From my budgeting, everything is automatic. Accordingly, I become more proactive and interested in the money that I do not spend and end up saving.
Here is everything about me and what I do best.
Instead of tracking budget, i track my net worth instead. A kind soul created an excel for this and i fill it in every end of the month. So i set a target for myself on how much i wanna achieve by when.
I uses this app called Money Manager, and one really has to make it habitual to key in individual expenses. You will then be able to track and budget fairly well.
Seedly Budgeting App (must advertise for them)
The app is rather easy to use and quite intutitive. There is a clear breakdown in segmental expenses.
It's not so bad, I actually try to channel most expenses through Fave pay or Youtrip, and I can easily use History to track expenses.
I do it the manual way using an app called Money Manager, basically I've cultivated the habit to key in every expense the moment I pay for something. Tried the auto sync way using Seedly before but yea it's hard to account for irregularities.
To each his own, but manually keying in works best for me! I combine that with an excel sheet (free template from googling) to track annual budgets - for this I update about once a month cross checking with the MM app.