Issues with the Expense Tracking Method The Expense Tracking Method, commonly known as budgeting, involves the detailed recording of daily income and expenditures, maintaining account balances, categorizing and summarizing expenses, creating budgets, controlling daily spending, and tracking financial goals. Many people have tried expense tracking, but often give up due to the following two main reasons: The Asset Tracking Method alleviates the tedious task of daily income and expenditure recording, focusing instead on the growth of assets with the core objective of achieving financial goals. Achieving financial goals in life is not about how much you spend but how much …
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