Do you know exactly how much you’re spending on Starbucks, clothing and your daily commute?
To get a better grasp of your finances and find ways to save, you have to know where your paycheck goes every month.
In addition to your fixed expenses — rent, utilities, insurance and debt payments — you should be tracking variable expenses, such as food and travel.
But instead of sifting through account statements, logging into a million different places or creating a complicated spreadsheet, consider an easier solution.
NerdWallet connects all of your accounts, so you can see how much you’ve been spending on Lyft rides, concerts and weekly happy hours.
We tally up your expenses and show you how much you’re spending in different categories, including food, bills, travel and more. In doing so, we also surface saving tips — from ditching bank fees to highlighting more affordable car insurance policies.
Why it’s helpful
Getting a bigger, clearer view of your spending habits will help you stick to your budget and identify room for potential changes.
Maybe you’ll discover that you’re overspending on rent or a mortgage and should plan to move — or perhaps you’re taking one too many Lyft rides when you could be saving money by taking the bus.