Some time ago, I tried keeping track of my subscriptions using a simple spreadsheet. But I still had no idea, how much I spent each month for various things not considered a subscription.
Recently, I came across Firefly III, a free and open source personal finance manager you can host yourself and use to track all your expenses and incomes.
It took some time to get used to all the features and there are still some features I haven’t fully explored yet, but since the beginning of the month, I try to log all my expenses to get an overview at the end of the month.
I hope that it will be helpful to analyze how much money I can save, use for buying stocks or spend for not so necessary things.
Although with Firefly III you have to manually enter all the expenses, it gives you a lot more control and privacy than those tools that can do it automatically. I also don’t believe it’s really a disadvantage: By manually writing down all expenses, you get more mindful about spending money.
Tags: Finances, Money, Tips, Tools