Myth #5: You already keep track of your money, so you don’t need to budget
You log into your online bank account every day to check your transactions, down to that 12:34am purchase you probably could have done without. You’ve got a solid handle on your balance, so why do more?
Knowing the bottom line is a great start, but it doesn’t give you much control over what your finances look like in the future, and you could end up drifting from pay day to pay day without much purpose.
Instead, set some goals, whether it’s paying off debts, saving for a trip, or building your emergency fund. Free2Spend tracks your spending habits through History, as well as savings updates via Progress, so your goals are always in sight.