Over the years of budgeting and managing my money, I’ve come across a few key indicators of growth in my situation.
Now, I make it a point to monitor those indicators on a regular basis.
Tracking these specific indicators helps me quickly gauge if I’m making progress or trailing behind.
That information allows me to know if I should keep doing what I’m doing or switch things up.
In this episode, I’m sharing the 6 things I monitor in my money situation and why they make a difference for me.
Feel free to take any of the things I monitor and apply them to your own situation!
Here’s a glance at this episode:
- [01:32] It should come as no surprise that one of the things Raya monitors in her situation is her budget and its effectiveness.
- [04:08] Raya breaks down the key things she looks for when monitoring her budget. This includes overspending, categories and more.
- [07:12] While Raya is tracking her spending, she’s also looking at her budget. This gives her the information she needs to make changes.
- [11:25] Raya tracks her account balances monthly, which has a direct impact on tracking her net worth.
- [15:38] Because she tracks her budget, Raya can easily identify how much she saves towards her goals.
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Resources mentioned in this episode:
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