I'm horrible with money. I blow up my salary even before I reach the last week of a month.
With the rise of automated expense tracking apps, I thought I would be saved from this mess.
I was wrong.
The problem with these apps is that they do pretty much everything themselves, under the hood. If you don't open them frequently, you are not aware of what's going on with your money.
Since these apps are made to work without your intervention, they don't need to be opened quite often.
That, my friend, is the problem.
I rarely opened up the app to check how much money I had. This unawareness was quite dangerous.
It allowed me to spend money as and when I saw something I wanted, carelessly.
Trying to curb this bad habit, my girlfriend asked me to remove the automated tracking app for a manual alternative. In this new app called Wallet, I have to manually enter my income and expenses, as and when they happen.
With this approach, I'm always aware of how much money I have available to me. This is mainly because I have to input everything manually. I know what's coming in and going out of my bank account.
A minor shift in habit made my life a lot better. I became responsible.
Automation might be the key to a lot of problems, but surely not everything. Some things are better done manually.
Don't let machines take over your life. It's a mistake.