Budget tracking is the process of tracking expenses, receipts, and invoices so that a project can be completed within its allotted budget. Budget tracking can be done using budgeting and forecasting software. Project management software can also be used, in which case the budget details the anticipated expenses and profit for a specific project.Tracking budgets also give teams the opportunity to offset extra expenses before it’s too late. With budget tracking, teams can easily identify budget items that need more funding than anticipated. Funds can be reallocated to compensate for this so that the project can be completed without going over budget.
1. Identify and eliminate wasteful spending habits 2. Maintain control of your finances 3. Promote better financial habits like saving and investing 4. Make plans for savings, investing, generating wealth, and get rid of any pending debts 5. Keep your focus on financial goals and prevent you from becoming broke 6.Put you back in control of your finances 7.Identify budget categories to reevaluate 8.Show you your bad spending habits
Expense Tracking :
Goal Setting :
Custom Categories :
Automated Budgeting :
