Once you have that, the budget you eventually create will be much more useful and accurate. To get a firm grasp on your average spending in any category, you need to track it for at least a few weeks to get an average. Maybe you went out more than usual one week, or bought more groceries because you had guests over or maybe you needed to buy some clothes for the kids, or skipped the carpool and drove to work every day. But what about dining out, going out, groceries, gas, and shopping? These expenses tend to fluctuate week to week and month to month, so you canвЂ™t just plug in a number off the top of your head. When youвЂ™re putting together a budget, itвЂ™s easy to plan for your mortgage, rent, or car payments because these amounts generally stay the same from month to month.

Whether youвЂ™re still in school or already in retirement, itвЂ™s never too late (or too early) to start taking advantage of all the benefits it can offer! From helping you create a more useful budget to keeping your financial goals on track, here are the top five reasons to keep an eye on your expenses. There are many reasons why you should use a weekly spending tracker. But to do that, you need to know what youвЂ™re spending and where youвЂ™re spending it, which is exactly what an expense tracker does! Five Benefits of a Weekly Expense Tracker One of the most sure-fire ways to put a dent in your debt is to reduce your average household credit card debt, as well as other debts.

With CanadaвЂ™s debt-to-income ratio near record high levels, and the average Canadian owing almost $1.78 for every dollar earned, an expense tracker can be a very helpful tool in this day and age.

Whether youвЂ™re struggling to make ends meet or just want to get a better grip on your finances, a weekly expense tracker is just the ticket.

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