How My Online Only Financial Tracking Is Working Out

So I recently decided to take a break from tracking my finances manually and online at the same time. I wanted to see if online only financial tracking would work out for me since I was so accustomed to doing it both ways.

I decided to track my financial progress on a monthly basis by only measuring my budget against To do this I had to stop using my spreadsheet, where I have faithfully entered my receipts for YEARS. I must say that it was difficult at first since some of my credit cards take a day or two to report to Mint when I make a transaction.

Under the old system of financial tracking I was able to enter a receipt at the end of the day and see exactly how much I had spent in one budget category and also see how much I had left to spend in that category as well.


With this new system I have to wait sometimes up to three days depending on the merchant and the card for the transaction to post. I no longer get the instant gratification of seeing the available budget but I think this has made me watch my spending even more carefully as I don’t want to get pushed over my limit when the transaction finally does post.

So after doing my financial tracking for the entire month of June I must say that it is not as hard as I thought it would be. I did feel a bit strange not being able to enter my receipts as soon as I got home but waiting two to three days for it show up on Mint got easier as time went on.

I think I will stick to this method and retire the spreadsheet as it makes my life so much easier now that I am not double tracking my purchases and my income. I do have to look back at the receipts to classify things properly in Mint but it is not as much of a hassle as I thought it would be,  since I was doing essentially the same thing with the spreadsheet.

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Author: Lulu

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1 Comment

  1. What you need to watch out: If you assign a transaction to a category that is not included in the Budget or Report worksheets, the expense won’t show up in your reports and you’ll think you have more money than you really do. I’ve added conditional formatting to help prevent these types of mistakes, but the spreadsheet is definitely not error-proof.

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