The Ultimate Guide To Saving Money, Part 3: Track Your Spending

A piggy bank. Braňo/Unsplash

In order to save for any goal—short, medium, or long-term—you’re going to need data. You need to know how much money you have coming in, and how much money you have going out.

You’re also going to need to know where that money’s going.

Tracking Your Income

If you’re salaried, tracking your income should be straightforward. Your payslip will tell you how much you’ve earned gross, and how much you’ve received net of taxes. You’ll also be able to see if you’ve made any automatic contributions towards your retirement pot.