Do you know exactly what your expenses are per month? Many people do not have a clear overview of this. Unnoticed, a lot of money is spent on small things, such as groceries or a cup of coffee. You often don’t realize that. By mapping out your expenses per month, you get an immediate overview. That gives you peace of mind and you get control of your money back. You often immediately see opportunities to save. In short, it’s a shame if you don’t list your monthly expenses! But how exactly do you calculate those expenses? How do you get a handy overview? We will tell you all about it.
How do you calculate your expenses per month?
Monthly expenses mainly consist of fixed costs. For example, think of the costs for your house, energy and gas, internet, insurance, taxes, car, groceries, clothing, and more. To calculate your expenses per month, you can take a look at what you have spent in the past six months or year. Then divide this amount by the number of months, in this case 6 or 12. Then you know the average amount that you spend each month. Writing down what you spend for a few months is another option to calculate your expenses per month. You will find that sometimes you spend more (or less) than you expected.
Everything in one overview with iBilly
With the iBilly app, keeping track of your monthly expenses becomes very easy. Discover all the useful features of our free app:
- Link bank transactions: Get a complete overview bylinking all your bank transactions. Do you have accounts at different banks? That’s no problem for our handy app. This gives you a total overview of your income and expenses per month.
- Budgets: You can easily set budgets in the iBilly app. By working with budgets you take control of your money. After all, you will never spend more money than you previously determined.
- Savings goals: Would you like to save for a specific goal? That new car or that one holiday? Then it is wise to work with savings goals. This allows you to work towards your goal in steps and you can keep track of your progress.
- Future expectations: Our smart app automatically calculates future expectations. You will never be faced with surprises again and always know which expenses to expect in the future.
- Linking loyalty cards: Do you always forget to take your loyalty card with you to the store? Easily link all your loyalty cards in the app. That way you never have to go out with those cards again and you can still take advantage of discounts and offers in every store.
- Sharing data: Share your transactions and data with people of your choice, for example your partner. It can be very useful to both have direct insight into the finances. You can indicate per transaction whether you want to share it. Moreover, you can turn on the incognito mode at any time so that no one can look at your data anymore.
Download the free app!
Have you become enthusiastic? Download our free app. The app is easy to use and offers many advantages. Get an instant overview of your expenses per month. The iBilly app complies with all security and privacy laws. We use highly secured connections so that your data is safe. That gives a familiar feeling! Prefer to use additional functions? Then choose one of our subscriptions.
Do you have any questions about our app? We are happy to help you through our customer service!