When we don't have good control of our finances, it is very common to wonder "Where is my money going?" or even, "Where does this money come from?".
Dividing your transactions by categories is a simple way to identify how your money has been spent and what is the source of your income. This is one of the first steps to having a better financial control because this is what allows you to know what areas of your life need more attention.
By doing this, you have a clear vision of what is good and what is bad for your savings.
Categories are defined between income types and expense types. It's a simple way to identify how your money has been spent and also to know the source of your income.
What are the differences between the categories of expenses and incomes?
Click here and get a complete material on how to create your categories and subcategories.