![]() This spending summary gives you the opportunity to review your annual spending by category, and includes multiple visual tools designed to help you see where your money went during a particular year.Īlthough Capital One’s spend tracking options are fairly bare-bones, you can still use them to gain a better understanding of how you’re spending your money. You do have the option to download a year-end spending summary, which you can access by logging into your online account, clicking “View Statements,” opening the drop-down menu that allows you to select a date and navigating back to the previous year. Through your online profile, you can sort or filter your posted transactions by category, but it’s up to you to use that information to create a clear picture of where your money is going. Capital One tracking toolsĬapital One doesn’t offer a lot in the way of spend tracking tools. On both the app and online, there’s a line graph that tracks your spending over a given time period as well as a horizontal bar that summarizes your spending by category. Once you’ve reached your spending summary, you can review your spending history by month or by year. If you’re logging in online, you can access these tools by clicking “More” followed by “Spending Report.” If you’re using the mobile app, scroll down below your accounts and tap on “Spending & budgeting,” followed by “spending summary.” (Note, this view is only available on desktop - not the mobile app.) Chase tracking toolsĬhase offers multiple tools to help you review and track your spending, whether you log in through your online account or use the Chase Mobile app. This level of detail can help you understand not only what categories make up the bulk of your spending, but also which retailers claim the majority of your discretionary purchases. If you want to examine your purchasing habits in even more detail, American Express recently added a spending tracker tool called “Your Spending Report” that breaks out your spending by both category and store. To locate this summary online, click “Statements & Activity.” If you’re on the app, you can find your year-end summary by tapping “Statements” followed by “Transactions and Statements.”įrom there, you can select the year-end option to view a summary of your total year spending by month and by spend category. American Express tracking toolsĪmerican Express offers a year-end spending summary that you can access by logging into your online account or opening the American Express app. Use your issuer’s tool to get a better idea of what you buy and how often you buy it, and then ask yourself whether you’re satisfied with the way you’re spending your money. If your total spending is going up every month instead of down, for example, you’re probably going to want to make some adjustments. If you’re trying to build your emergency fund or save up for a down payment, you’re probably going to want to create a budget and cut back on your expenses.īy tracking how much money you spend every month - especially if you can track your spending by category or by retailer - you’ll be able to see whether your purchases are consistent with your goals. The best spend tracking tools also show you the way your spending habits change over time. How much did you spend on groceries last month? Was it more or less than you spent two months ago? A good spending tracker makes this question much easier to answer - and it also makes it easy to ask yourself whether you’re spending too much money on groceries, or whether it’s time to increase your grocery budget and decrease your takeout budget. Why you should use spend tracking tools to keep an eye on your budget How do each of these spending trackers stack up? What do major card issuers offer in terms of budgeting tools, and how can you use these charts, graphs and summaries to make savvy financial decisions? Let’s take a close look at how spend tracking tools can help you manage your money. Several major credit card issuers, including American Express, Chase, Capital One and Citi, give cardholders similar spending trackers and tools. The Apple Card, for example, offers color-coded spending summaries designed to help you spot trends. Others use the budgeting tools that come with their credit cards. Some people use apps like Mint or You Need a Budget (YNAB) to keep tabs on their spending habits. ![]() ![]() The more you know about how you use money, the better prepared you are to make smart choices about budgeting, saving and long-term financial planning. Does the majority of your food budget go toward groceries or restaurants? Do you keep signing up for new streaming services that you may not use in the long run? You can look at every individual purchase in turn, but it’s a lot easier to use spending tracker tools to help you spot trends. ![]() If you want to understand where your money is going, you need to track your spending.
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