How to Track Your Spending for a Month

Nico: The first thing that you have to do is ask yourself what are you truly trying to accomplish with your money. Once you get past that, then it's tracking your spending. I literally took out all my bank statements and started highlighting like transactions. That really brought awareness to how much I was spending in each category. And my categories kind of formed themselves when it came to my budget based on what I was realistically spending.