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It all adds up to being smart

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Why you can trust SCMP
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Some people enjoy counting their cash or listing their expenses. Others don't. There are many ways to track your money. Find the one that you are most comfortable with.

Traditional: you can carry a notebook and write down whatever you spend. Back home, you add it up. This is also good for practising your maths skills.

Accountant: you can ask for receipts for every single dollar spent. Then you compile your expenses on a spreadsheet. All your expenses are tracked, and you practise being super-organised.

Hi-tech: you can use your mobile phone to record your expenses and consolidate your net worth. Your tracking is always up to date, and you save paper.

Digital: you can use Excel spreadsheets on your computer to add up expenses, income and savings. This is a quick way to update your financial situation, and you also practise your computer skills.

Professional: you can use personal finance software to input your bank account, spending and investments. You can even show your parents and friends how to use the software.

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