Have you ever wondered where all your money is going? You may feel that you are working hard and saving hard but your bank balance doesn’t reflect this. Most people don’t realise how much money they spend.
Here at MJJ Accounting we have come up with a great way for you to track exactly where you are spending your money. How you ask? By using accounting software such as Xero or Wave to track every dollar you spend.
Tracking Your Finances
All you have to do is set up automated bank feeds into either program and you’re up and running. Once set up you can run handy budgeting reports to see how you are tracking and identify areas where you’re a spending too much and how to save money. A great example of this is how much is your morning coffee costing you over a year?
This system is fantastic for all people, weather you are saving for a first home deposit an overseas holiday or just needing more money for your retirement. Everyone needs to take control of their personal finances and these programs can help you do it.
So what’s the cost?
Xero cashbook will set you back $10 per month or $120 per year and Wave is free (yes FREE). So can you afford not to use these programs?
If you’d like to take up this opportunity, or you have any further questions on this product, please contact one of our team members at the office.