While a bill tracking spreadsheet is fantastic, it doesn't do it all. What A Bill Tracking Spreadsheet Doesn't Do

Once you have your bills all laid out, you can decide to cut off one of those payments, so you aren't wasting your money anymore. Maybe you pay for too much entertainment on a regular basis, or you are paying for a subscription that you don't care for anymore. Sometimes we pay for things on a monthly cycle that aren't necessary. Once you have every bill laid out, you can see where the waste is in your bills budget. Creating Your Bill Tracking Spreadsheet Will Help You Understand Where The Waste In Your Bills Budget Is It's a magical feeling knowing exactly how much money you need to make to stay afloat. With a bill tracking spreadsheet in place, you know the bare minimum you need to make and when. Related Post: How To Stop Overdrafting Your Bank Account A Bill Tracking Spreadsheet Helps You Understand How Much Money You Need Each Month Knowing what bills you have coming out and which bills you need to prepare to pay is so important so you can make sure that you have the right money in your bank at all times. Hulu doesn't care if I currently have $5 in the bank or $1,000. It comes out of my bank account each month without me having to do much thinking, but if there isn't anything for it to take, those companies take anyway. I pay for a lot of entertainment for my family, and those are based on a subscription model. It's ridiculous, and it's going to keep growing as long as we don't know what's going in and out of our bank accounts and when.įor me, it was difficult. Did you know that in 2017 Americans spent $34.3 billion in overdraft fees according to MarketWatch? According to the same report in 2016, we paid $33.3 billion on the same charges.

Overdrafting is often expensive for consumers, and it makes banks a killing every year.

Today let's chat about why you need a bill tracking spreadsheet and how to create one that's practical and helpful.īefore we get into how to create a bill tracking sheet, let's chat about why you need one in your life: Overdrafting Is Expensive This bill tracking spreadsheet has been such a blessing to my life, and I've only been using it for a month.

Usually, it's quite the opposite if I am honest. This is not something that typically happens in my life. Thanks for supporting the brands that make The Happy Arkansan possible!Ī month or so I did something I've never done. I looked at all my bills lined up in a row, and I understood exactly what was coming out of my bank account and when. Please see my disclosure for more details. Note: This post may contain affiliate links.

How to keep on track bills