Question

Tammy wants to track her spending in categories. What tool should she use?

Answer 1

A budget software

Explanation:

Using a spreadsheet, Mint, BudgetTracker, or Quicken are all tools that track spending, also known as budget software.

Answer 2

Tammy can use a journal or log to track spending by manually entering each purchase in a predetermined category. Tammy can also look into her financial institution as they can offer the electronic version of a journal to help track purchases without the consumer having to remember to record purchases, Tammy would just have to use the same form of payment for each purchase to prevent missing a transaction.