In past articles I explain adequately how to go about creating a budget easily and my preferred method of budgeting using virtual envelopes.

With Smartphones like iPhone and Android getting popular, many would say that all they have to keep track is just 1 month spending and do it in their smartphone.

My advice is to use one that you can keep track and review for a long time. Preferably, I hope that GNUCash, which is opensource would be able to do that but sadly its too complex for me to recommend to you guys.

Your Spending Trail is your unconventional diary

If you input every purchases into it, chances are you are able to learn about not just your spending habits but little bits of information that otherwise is hard to remember.

So lets say you want to find out whether the oven you bought for mom has expired. …