Keeping Track Of Where Your Money Goes: How Accounting Services Can Help

Hello, my name is Landon Hansen and if you need advice about finances or your money situation, I do hope that you'll read my blog. During a period in my life, I was reckless with my spending. This led to a mound of credit card debt that I was diligently trying to pay off. After awhile, it seemed like I was getting nowhere fast so I started researching ways that I could pay off my bills and get out of debt as soon as possible. I'm happy to say that the methods I tried worked and I was able to drastically reduce my debt to a manageable level. If you need help with your debts, please read my blog to learn tips that will help you and your money situation tremendously.

Keeping Track Of Where Your Money Goes: How Accounting Services Can Help

8 May 2015
 Categories: Finance & Money, Blog


You make a budget every month and try to stick to it, or maybe you are not the budgeting type. Either way, discovering that you are short on cash is disconcerting. If you want to know more about where your money goes, hiring an accountant or requesting some accounting services will help you see what is happening to your cash flow. Here is what an accountant will do for your situation.

Keeping Track

The biggest part of keeping track of where your money goes is keeping receipts. An accountant will show you how to create a spreadsheet and enter your paychecks and your purchases consistently. Everything you receive and everything you spend has to be entered right away so your records are accurate. He or she will also show you how to create spending categories so you can get a very clear picture of where you are overspending and where that excess might be put to good use elsewhere. 

Deposits and Reallocations: Out of Sight, out of Mind and out of Reach

Sometimes the biggest problem with direct deposit of one's paycheck is that you suddenly have all this money, but it is in one spot. It is too tempting to shop until you drop, and that may be one of the reasons you come up short. When you hire an accountant to show you how to make deposits and reallocate your money, it becomes less of a temptation because you have less to access. Consider opening extra savings accounts and moving your money to these extra accounts where your check card or bank card cannot reach them. After a while, you will be surprised to find that you do not remember the reallocated money and you have what you need for more important things.

Getting Rid of Excess

It is a slow process to get rid of excess financial waste. Once an accountant (such as one from James Gioia & Company PC) has helped you find what it is you spend too much money on, then you need to figure out how to spend less in this area. He or she can show you lots of little tricks which help you save for what you really want rather than what you think you need. Taking his or her advice and learning from these accounting services he or she provides will help you retain more of your hard-earned money every month and put you on the right track toward financial wellness.

About Me
Finance and Money Tips To Manage Debt

Hello, my name is Landon Hansen and if you need advice about finances or your money situation, I do hope that you'll read my blog. During a period in my life, I was reckless with my spending. This led to a mound of credit card debt that I was diligently trying to pay off. After awhile, it seemed like I was getting nowhere fast so I started researching ways that I could pay off my bills and get out of debt as soon as possible. I'm happy to say that the methods I tried worked and I was able to drastically reduce my debt to a manageable level. If you need help with your debts, please read my blog to learn tips that will help you and your money situation tremendously.

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