Bank online and view your statements regularly. I hate opening regular mail so email is very convenient and will likely get opened. So when my bank statement comes in the mail I just stare at it and toss it to the side.
This is why I advocate banking online because I can check my accounts, look at my statements, and practically solve problems (rare as they are) in real time.
Online banking also lets me see what I am spending my money on over a period of time. It is very convenient to download my account history to Excel or other account software.
Debit Card to Track Money
Use your debit card (not credit cards) to make all purchases. I rarely carry cash so if a person wants to rob me, well they are pretty much out of luck.
I only use my debit card because it helps me keep track of money spent. The debit card can also be used as a credit card for those times I need to rent a car or make purchases online.
It’s also convenient when I don’t want the money to come out of my account right away.
Samantha A. Gregory is an author, consultant, and speaker. She’s a single-mom lifestyle, money, and parenting expert featured in The Washington Post, The New York Times, Essence Magazine, HuffPost, ABC News, and Mint.com.
Samantha founded the award-winning RichSingleMomma.com™, the first online magazine featuring personal finance, parenting, and personal development content and courses for single moms.
She aims to inspire women who are ready to thrive and not just survive in their single motherhood journey. Connect with her on Instagram @richsinglemomma.
