• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Personal Login
  • Solopreneur Login
  • Contact

MoneyMinderOnline

Money Management with Heart for Individuals & Solopreneurs

5 Surprising Benefits of Tracking Your Spending

March 18, 2016 Leave a Comment

benefits-of-tracking-your-moneyIf you’re a loyal MoneyMinder user, you probably already love tracking your spending. There really is no better way to stay connected to your money than to keep track of your daily purchases and expenditures.  It helps you stay in touch with your choices, gives you immediate feedback and adds a new level of clarity to your life.  But that’s not all, here are 5 added benefits of tracking your spending.  You may be surprised by a few!

1. Insight into What’s Missing

Tracking often reveals areas of unmet needs, even areas of deprivation.  This can help you devise ways to meet those needs – such as more time for yourself, pride in your home, or more social interaction.

2. Improved Relationships

Many clients say that money is a primary source of family and relationship conflict.  When you manage money through tracking, you may have fewer arguments about it.  Also, tracking causes you to me more honest with yourself about money, which translates to more honesty in general, which promotes healthier communication.

3. Reduction of Stress-Related Illness

If money is the source of stress and stress contributes to illness, doesn’t it make sense that managing money better will contribute to your general health?  In addition, if you’ve been unable to afford preventative healthcare, a gym membership, or fitness classes, being able to designate funds towards these will also contribute to better health.

4.Increased Self-Esteem

Addressing something that you’ve been struggling with goes a long way toward building your confidence.  Imagine feeling proud of your financial accomplishments and also knowing that you have nothing to hide – no secrets lurking behind a façade.

5. Spiritual Insights

As you become more mindful in one area of your life, you’ll become more mindful in others.  Struggles can be a huge distraction from having the kind of spirituality you may crave.  Money chaos can eclipse your view of your higher self, your higher purpose, and even your higher power.

And the list doesn’t stop there!  These are just a few of the wonderful benefits that come through tracking your spending.  So if you’re still not sure about the value behind tracking – get on board.  It’s the best time you could possibly invest in yourself!

If you’d like to read more about tracking your spending, check out chapter four in Karen’s book, FINANCIAL RECOVERY: Developing a Healthly Relationship with Money.  You’ll find these benefits, plus many others.

This post was written by by Morgan Garon and originally appeared on her blog.

Filed Under: Business, Money, Personal

MoneyMinder is secure! MoneyMinder takes full advantage of the latest in technology and is 100% cloud based. (This means you access your account by going to our URL address and inputting your user name and password.) MoneyMinder resides in a Tier 2 hosting facility in the United States which provides 99.98% or better availability, redundant backup power, offsite backup, and other systems to best meet the needs of heavy 24x7 transaction volume. Beyond MoneyMinder’s application layer security, encryption, SSL for personal data and credit card processing, and 3rd party PCI compliance testing, MoneyMinder is also behind a state of the art firewall to further secure customer information. Term and Conditions | Contact

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • How to Plan a New Year in MoneyMinder
  • What your food numbers really tell you
  • 5 Surprising Benefits of Tracking Your Spending
  • Big news for users! Changes are coming to your MM!
  • Your Brain on Shopping: Two tips to avoid overspending and still enjoy shopping

Archives

  • December 2016
  • November 2016
  • March 2016
  • December 2015
  • September 2015
  • November 2014
  • December 2013
  • November 2013
  • October 2013

Categories

  • Blog
  • Business
  • Featured
  • Money
  • Personal
  • Video

Footer

MoneyMinderOnline is secure! MoneyMinderOnline takes full advantage of the latest in technology and is 100% cloud-based. (This means you access your account by going to our URL address and inputting your username and password.) MoneyMinderOnline resides in a Tier 2 hosting facility in the United States which provides 99.98% or better availability, redundant backup power, offsite backup, and other systems to best meet the needs of heavy 24x7 transaction volume. Beyond MoneyMinderOnline’s application layer security, encryption, SSL for personal data and credit card processing, and 3rd party PCI compliance testing, MoneyMinderOnline is also behind a state of the art firewall to further secure customer information.

MoneyMinderOnline © Copyright 2021 ~ All Rights Reserved.

Terms and Conditions | Contact

Website by RC Vane