There will still be some transactions that the tools are unable to a category or frequently miscategorized. Unfortunately, the process of recording transactions isn’t 100% automatic. With that part of the process practically gone, there’s no reason why I shouldn’t start budgeting again. I stopped budgeting because it was too time-consuming to enter all my transactions. With personal finance tools, that part of the process is almost automatic if you’re willing to provide your login credentials. The most time-consuming aspect of budgeting is in the tracking of expenses. So how does a finance blogger get back on the wagon? I went from the most diligent of budgeters to a non-budgeter! It was important to budget to get a better handle on my finances, but once I had a handle the daily routine was unnecessary. That kept up for about six months and I grew tired of it (not surprised).
I recorded every single expense in a spreadsheet. When I first started working, I was a very diligent budgeter. But so is exercising and according to the Department of Health & Human Services, we as a nation aren’t doing such a great job at that. However, it’s a necessary chore, like cleaning your house or apartment, that you should do because it’s good for your financial health. Very few people look forward to tracking all of their purchases, cutting back when they’ve overspent, and adjusting their budget from month to month to meet changing conditions.
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