3 Tools a Personal Finance Reporter Uses to Manage Spending

I'm a personal finance reporter living in New York City. 3 tools I use to keep my spending in checkWhen it comes to actually managing my money, I do my best to take the advice my colleagues and I gather from a variety of experts and folks who've successfully accomplished goals like

As such, I use three main tools to keep an eye on my spending and work toward my financial goals. They help me stress less and feel empowered to make my day-to-day financial decisions.While I don't set and stick to a strict monthly budget, I do try to set myself up for success ahead of each month by filling out a money calendar.

For example, if I know I'm going out to dinner with a friend one week, I'll mark that on the calendar and aim to avoid other takeout or non-grocery food purchases that week to save my cash for the social outing. Planning this way helps keep my careful and carefree spending in balance.This year, I started using the spending buckets feature in my checking account to keep even better track of my money in tandem with my calendar.

As with in my checking account, I use the buckets feature on my savings account when I'm planning more than a month or so in advance for bigger-ticket costs. When I have a trip coming up or an annual expense like my dog's check-up at the vet, I make a bucket in my savings account for that purpose and it functions as my sinking fund.

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