NEW STUDY: DEBT & MENTAL HEALTH

Spending tracker: track your expenses easily with our free template

Posted on 8 May 2025

Written by Chris Galea

Introducing our free spending tracker

Keeping track of your spending is one of the most effective ways to manage your finances and stay in control of your money. Without a clear record of where your money is going, it’s easy to overspend, fall short on savings, or struggle to reach financial goals. That’s why we’ve created our free spending tracker – a simple, user-friendly tool designed to help Canadians like you to monitor daily expenses, identify spending patterns, and take charge of your finances.

Why use a spending tracker?

At Spergel, we know that financial freedom starts with awareness and smart money management. Our spending tracker is designed to:

Help you understand your spending habits – see exactly where your money is going each day.
Prevent overspending – set limits and stay accountable to your budget.
Identify unnecessary expenses – spot patterns and make adjustments to save more.
Support your financial goals – whether you’re saving for a big purchase or paying off debt, tracking your spending helps you stay on course.
Reduce financial stress – knowing your financial situation at a glance allows you to plan ahead with confidence.

What’s included in our spending tracker?

Our tracker is designed specifically for Canadians who want an easy way to stay on top of their expenses. Here’s what you’ll find inside:

Daily expense logging: record every transaction as it happens to keep an accurate overview of your spending.
Spending categories: track expenses by category, such as groceries, transportation, dining out, entertainment, and more.
Monthly and annual summaries: get a clear snapshot of your spending trends over time.
Automated calculations: the tracker adds up your expenses so you can see your total spending without manual calculations.
Customizable format: use the template as it is, or adjust categories to suit your personal financial needs.

How to use the spending tracker

Our free spending tracker is easy to use and requires just a few minutes of your time each day:

  1. Download the tracker – access our free spending tracker and save a copy to your device.
  2. Log your transactions – record your purchases daily, including the amount and category.
  3. Review your totals – check your spending patterns weekly or monthly to identify trends.
  4. Adjust as needed – make changes to your budget or cut unnecessary expenses based on your insights.
  5. Stay consistent – the more regularly you track, the better control you’ll have over your finances.

How we helped Sarah to track her spending

Meet Sarah, an Ontario-based budgeter who thought she had her finances under control. She created budgets regularly and believed she was managing her money wisely. However, after tracking her spending for a few months with guidance from Spergel, she realized she was underestimating her daily expenses. With a clearer understanding of where her money was going, she was able to make adjustments and start saving effectively.

The challenge

Sarah’s challenge was a common one – while she had a budget, she wasn’t actively tracking her spending. Small purchases added up, preventing her from saving effectively.

The solution

Spergel encouraged Sarah to track every transaction, whether through debit, credit, or cash receipts. Initially skeptical, she committed to diligently recording her expenses for three months.

The results

By her second counselling session with Spergel, Sarah had saved $600 simply by identifying unnecessary spending and cutting back. She finally had savings, something she had struggled to achieve before.

Sarah’s Testimonial: “Tracking my spending was a game-changer. I thought I was budgeting well, but I didn’t realize how much small purchases were adding up. Thanks to Spergel, I saved $600 in just two months!”

Read Sarah’s Success Story

Get started with our free spending tracker

Understanding and managing your spending has never been easier. Download our free spending tracker today and take the first step toward financial control and peace of mind.

By tracking your spending consistently, you’ll gain better insights into your financial habits, reduce stress, and make informed decisions about your money. Whether you’re working toward a savings goal, looking to cut unnecessary expenses, or simply want a clearer picture of your finances, our spending tracker is the perfect tool to help you succeed.

Start tracking today and take control of your finances!

What to read next

Avatar photo

Chris Galea

Chris Galea is a Chartered Accountant and Insolvency and Restructuring Professional with over 20 years’ experience as an LIT (Licensed Insolvency Trustee). He is also our resident expert on tax debt, COVID debt, and the region of Saskatchewan, Canada. When he’s not at the office educating people about bankruptcies and consumer proposals, Chris is playing pick-up hockey with his friends, spending time with his family, and learning Spanish!

Schedule a Free Consultation with Chris Galea (or your local Spergel LIT) by:

Phone 1-877-501-4321 (toll-free)

24/7 live chat (with a human) on our website

Facebook messenger

Email (hello@spergel.ca)

Online booking calendar

Be Debt Free. You Owe It to Yourself.

Helpful starting information:

What to Bring to an Appointment

To get the debt help that you need, please bring a list of who you owe and how much to each, a list of everything you own and your monthly household budget. Don’t have everything right away? Don’t worry – We will guide you through each step.

Download Form

Your Information

We’ll walk you through our application process. But, if you want to prepare for your debt free assessment consultation in advance, download our information form and fill in what you can.

Download Form

Calculate Your Debt Repayment Options

How can you compare your debt repayment options if you don’t know how much they will cost you? Your solution will become much clearer when you are able to compare costs.

Debt Calculator

Ready to Be Debt-Free?

If you’re ready to be debt free, it’s time to meet with one of our knowledgeable Licensed Insolvency Trustees at your convenience and get started

Meet with a trustee