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Although it may not seem glamorous, regularly reviewing your bank accounts and credit card statements is an essential financial habit. By checking in at least twice monthly, you can identify spending patterns and make necessary adjustments before issues escalate.
For example, Mitchell noticed his excessive dining out expenses by tracking his spending. Establishing a routine—like reviewing accounts on set dates—can promote financial awareness and help ensure you are on track with your goals. Utilizing budgeting tools or apps can also simplify this process and provide valuable insights into your financial habits.