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Lost Track Of Your Spendings? Tighten Up Your Belt With This

Lost Track Of Your Spendings? Tighten Up Your Belt With This

We all know the feeling. After payday arrives, we get a major cash infusion and feel able to breathe easy. But a week or so later, all that money’s gone. You can’t even remember where you spent it. Maybe it’s the nights out with friends, the lunches with coworkers, the new clothes for spin class, or getting coffee every day (and sometimes twice a day). The only thing you know for sure is that the sum of money you were paid has dwindled.

The average American is spending $1.33 for every $1 earned.[1] So many people worldwide are in debt from student loans, auto loans, home loans, and credit card spending. In fact, the average American household has $8,700 in credit card debt.

This happens to most people. We want to save money, but we often end up spending more than we expected. This makes it so hard to save enough money for the important big-ticket purchases: cars, vacations, homes, etc. We have our savings priorities, but we often fall short of our real goals.

What’s more, it’s hard to know where to cut our budgets. Or where we even tend to overspend in the first place.

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Keeping track of your spendings

In order to stop overspending and to meet your savings goals, you need to keep track of your actual activity. You need be aware of the problem before you can even begin to fix it.

That’s where Spendee comes in.

When it comes down to it, there aren’t many programs or applications that make personal finance simple. But Spendee offers quick and transparent information about your spending and it’s easy to use. Let me walk you through the main features of the app right now.

1. See where you spent your money

Spendee gives you a simple but powerful way to view your spending. Graphs and charts track the categories you spent in, how much you spent on average, the number of transactions, biggest expenses, and much more.

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    This super-valuable tool allows you not only to budget realistically, but to see trends in your spending so you can track down further details if you want. Surprised that you spent $5,400 last week? Well, now that you know, you can go into your recent transactions and see where exactly that money went.

    2. Plan your spending with budgets

    Individual budgets are a powerful tool to help you stop overspending and start boosting your savings. Spendee lets you set budgets for various categories. This lets you track how much you eat out or spend at the grocery store (one of the most flexible part of anybody’s budget, by the way).

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      The bright visuals (with percentages) give you an immediate sense of how much you’ve already spent and what you have left. So if you’ve spent 80% of your food budget by the 10th of the month, it might be time to cut back!

      3. Create different wallets for different spending purposes

      In what’s call the “envelope method,” Spendee Premium lets you set aside the money that you already have for specific purposes. (Note: This is not an option with the basic, free version of the app.)

        This isn’t so different from regular budgeting, but many people swear by this method. Why? It allows you to divide up your sources of money, which in turn makes it psychologically more challenging to overspend. You can’t spend what you don’t have, and if you restrict yourself to money in a particular wallet, you can’t mess up.

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        4. Sync your Spendee account with your online bank account

          With Spendee Premium, you can always keep track of your money. Your transactions will automatically update when you sync Spendee with your online bank account.

          Simply select your bank and enter in your credentials. All of your transactions will get automatically imported and categorized. Seeing your spending activity couldn’t be easier if you tried.

          Take control of your finances

          The sooner the better! If you find yourself wanting to rein in spending, or just to save better for mid- to longer-term goals, it’s important to have and use the right tools.

          Install Spendee Here

          If you love the free version, consider trying out the Premium version if the features interest you!

          Reference

          More by this author

          Brian Lee

          Chief of Product Management at Lifehack

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          Last Updated on September 18, 2019

          15 Best Organizing Tips For Office Organization and Getting More Done

          15 Best Organizing Tips For Office Organization and Getting More Done

          You may think that you don’t have time for office organization, but if you really knew how much time that disorganization cost you, you’d reconsider.

          Rearranging and moving piles occasionally doesn’t count. Neither does clearing off your desk, if you swipe the mess into a bin, or a desk drawer.

          A relatively neat and orderly office space clears the way for higher productivity and less wasted time.

          Organizing your office doesn’t have to take days, it can be done a little at a time. In fact, maintaining an organized office is much more effective if you treat it like an on-going project, instead of a massive assault.

          So, if you’re ready to get started, the following organizing tips will help you transform your office into an efficient workspace.

          1. Purge Your Office

          De-clutter, empty, shred, get rid of everything that you don’t need or want. Look around. What haven’t you used in a while?

          Take one area at a time. If it doesn’t work, send it out for repair or toss it. If you haven’t used it in months and can’t think of when you’ll actually need it, out it goes. This goes for furniture, equipment, supplies, etc.

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          Don’t forget about knick-knacks, plants (real or artificial), and decorations – if they’re covered with dust and make your office look shabby, they’re fair game.

          2. Gather and Redistribute

          Gather up every item that isn’t where it belongs and put it where it does.

          3. Establish Work “Zones”

          Decide what type of activity happens in each area of your office. You’ll probably have a main workspace (most likely your desk,) a reference area (filing cabinet, shelves, binders,) and a supply area (closet, shelves or drawers.)

          Place the appropriate equipment and supplies are located in the proper area as much as possible.

          4. Close Proximity

          Position the equipment and supplies that you use most within reach. Things that you rarely use can be stored or put away.

          5. Get a Good Labeler

          Choose a label maker that’s simple to use. Take the time to label shelves, bins, baskets drawers. Not only will it remind you where things go, but it will also help others who may have a need to find, use, or put away anything in your workspace.

          6. Revise Your Filing System

          As we move fully into the digital age, the need to store paper files has decreased.

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          What can your store digitally? Are you duplicating files? You may be able to eliminate some of the files and folders you’ve used in the past. If you’re storing files on your computer, make sure you are doing regular back-ups.

          Here’re some storage ideas for creating a smooth filing system:

          • Create a meeting folder – Put all “items to be discussed” in there along with items that need to be handed off, reports that need to be given, etc. It’ll help you be prepared for meetings and save you stress in the even that a meeting is moved up.
          • Create a WOR folder – So much of our messy papers are things that are on hold until someone else responds or acts. Corral them in a WOR (Waiting on Response) folder. Check it every few days for outstanding actions you may need to follow-up on.
          • Storage boxes – Use inexpensive storage boxes to keep archived files and get them out of your current file space.
          • Magazine boxes – Use magazine boxes or binders to store magazines and catalogs you really want to store. Please make sure you really need them for reference or research, otherwise recycle them, or give away.
          • Reading folder – Designate a file for print articles and documents you want to read that aren’t urgent.
          • Archive files – When a project is complete, put all of the materials together and file them away. Keep your “working folders” for projects in progress.
          • File weekly – Don’t let your filing pile up. Put your papers in a “To File” folder and file everything once a week.

          Learn more tips on organizing your files here: How to Organize Your Files for Better Productivity

          7. Clear off Your Desk

          Remove everything, clean it thoroughly and put back only those items that are essential for daily use.

          If you have difficulty declutter stuff, this Declutter Formula will help you throw away stuff without regretting later.

          8. Organize your Desktop

          Now that you’ve streamlined your desktop, it’s a good idea to organize it.

          Use desktop organizers or containers to organize the items on your desk. Use trays for papers, containers for smaller items.

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          Don’t forget your computer desktop! Make sure the files or images are all in organized folders. I’d recommend you clear your computer desktop everyday before you leave work.

          9. Organize Your Drawers

          Put items used together in the same drawer space, stamps with envelopes, sticky pads with notepads, etc.

          Use drawer organizers for little items – paper clips, tacks, etc. Use a separate drawer for personal items.

          10. Separate Inboxes

          If you work regularly with other people, create a folder, tray, or inbox for each.

          11. Clear Your Piles

          Hopefully with your new organized office, you won’t create piles of paper anymore, but you still have to sort through the old ones.

          Go through the pile (a little at a time if necessary) and put it in the appropriate place or dump it.

          12. Sort Mails

          Don’t just stick mail in a pile to be sorted or rifle through and take out the pieces you need right now. Sort it as soon as you get it – To act, To read, To file, To delegate or hand off. .

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          13. Assign Discard Dates

          You don’t need to keep every piece of paper indefinitely. Mark on files or documents when they can be tossed or shredded.

          Some legal or financial documents must be kept for specified length of time. Make sure you know what those requirements are.

          14. Filter Your Emails

          Some emails are important to read, others are just not that important.

          When you use the filter system to label different types of emails, you know their priority and which to reply first.

          Take a look at these tips to achieve inbox zero: The Ultimate Way to get to Inbox Zero

          15. Straighten Your Desk

          At the end of the day, do a quick straighten, so you have a clean start the next day.

          Bottom Line

          Use one tip or try them all. The amount of effort you put into creating and maintaining an efficient work area will pay off in a big way.

          Instead of spending time looking for things and shuffling piles, you’ll be able to spend your time…well…working and you’ll enjoy being clutter free!

          More Organizing Hacks

          Featured photo credit: Alesia Kazantceva via unsplash.com

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