Every year, this time of the year, I would share with everyone my spending.

This year, we will be carrying on the tradition as well.

Spending is a way we allocate our resources. We have certain leeway on what we decide to spend on. Some are wiser spenders than others. If you speak with some, they have an issue controlling their spending.

Is tracking your spending (like me) important? Tracking your spending feels like a lot of work, but here is something to think about.

We have enough prospects who came in, tell us their income and expenses, and were shocked that their expenses add up to such a huge amount.

The number came as a shock because there are some things that, if you don’t put the number on a piece of paper, you might not realize they add up to such an amount.

Tracking spending is not OCD behaviour. It gives you a certain level of financial clarity.