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2229: Why I Prefer a Spreadsheet to Track Expenses & Manage My Finances by Len Penzo

Optimal Finance Daily - Financial Independence and Money Advice

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The Importance of Tracking Expenses

Taking the time to track your income and where it's going is a crucial element of managing your personal finances. LenPenzo uses his own custom-designed Excel spreadsheet because it forces him to actively manage his personal finances. If you're not an expert in Excel, there's no need for despair. Microsoft has scores of budgeting worksheet templates that can be downloaded over 3.6 million times.

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