InvoiceBerry Tips for for Freelancers & Small Businesses 9 Reasons To Track Your Expenses Starting Today | Page 5

2. Prioritize expenses
Discretionary expenditures are “wants” and not “needs,” and
when you track expenses you can prioritize:
• make better decisions on important purchases
• tone down expensive discretionary purchases
• determine whether something is a want or need
When you track expenses, you begin to see where your money
goes (point no. 1) and then you’ll see exactly what is more
important: to save money or spend it unwisely.