With expenses, there is nothing like keeping it simple. I track my expenses using a running list of expenses. This is not a budget – it is just a record to help track things that could potential help reduce the tax bill at the end of the year.

I keep track of all expenses (just in case) but if you have a clear strategy/know which categories of items you are focusing on – you may wish to not just record in date order but also split by category so you can total the expenses for each category easily!

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