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 until you see your recent transactions, then tap “See All Transactions” followed by “Spending Summary.” (Note, this view is only available on desktop – not the mobile app.)Ĭhase 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 credit card issuer’s spend tracker 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. The Apple Card, for example, offers color-coded spending summaries designed to help you spot trends – and several major credit card issuers, including American Express, Chase, Capital One and Citi, give cardholders similar spending trackers and tools. Other people 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 the way 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, and is it time to cut back? 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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