Do you actually know how money do you have right now?
Are you growing or losing your savings?
If that resonates with you, I have a solution.
I have several bank accounts, crypto, investment portfolio, cash (USD, EUR).
(You should diversify too.)
If I don't track that, I have no idea where I stand.
But even if you have a single bank account, no cash, no stocks, it'll still be useful.
There's no other way about this besides tracking it yourself.
It would probably be cool to track every transaction, but I don't do that for now.
My solution is simple yet powerful enough.
* Create a spreadsheet
* Track your assets on the 1st day of each month
* Set a reminder to do so
Count your pennies, type in how much money you have and where.
Monitor trends.
Also list big purchases there, so you don't get puzzled later why your portfolio shrunk.
Also list your debts.
Borrowed $1000 from the bank with your credit card?
List it as -$1000, even if it is on a grace period.
The goal is to understand how much money YOU have.
If you skip listing it, you might forget about this.
Your bank might raise your credit limit.
That's useful, right? It may be, but you're now, say, $2000 in debt.
Subtract how much you currently owe your bank from the portfolio.
If you skip listing this part, it may make the historical data dirty: harder to understand.
Why my portfolio fluctuates so much?
Oh, you've been a $530 in debt in January.
In February, it was $183.
In March you owe $1121.
See the problem?