72

A budget is a plan for spending money in the future. Tracking spending is only looking at what happened in the past. Many people only track their spending, a proper budget can be key to achieving financial goals. You might earn enough and not spend frivolously enough that you aren't hamstrung by lack of a budget, but if you have specific financial goals, ...


69

They Do this using the Merchant Category Code. See https://en.wikipedia.org/wiki/Merchant_category_code. This is assigned to the merchant when they sign up with the bank that is going to handle their payments. And this code will be part of the meta-data that gets associated with the transaction that you do.


30

The two are closely related. A budget is a detailed plan for how to spend. Expense tracking is a tool to analyze your previous spending performance. Creating a plan for how to spend your money without any record of your previous spending--is an empty promise to yourself that you will never follow up on. Did I stay within my budget? Doesn't matter, I didn't ...


16

They don't (through this route at least) know what you're buying, just where. So if you go to your gas station and buy food and no fuel it will display just the same as if you bought fuel. I've just checked one of my cards, and the instore cafe at the supermarket shows up exactly the same as buying groceries ("Grocery Stores, Supermarkets") but the petrol ...


16

I know for a fact that this is happening as I helped implement such a solution for a merchant that has multiple brands. For the one that I worked on actual credit card numbers were not used, but tokens that represent credit card numbers. Without getting into too much security stuff, it is was a one way thing. A customer's credit card number would always ...


7

Short answer: Such tools are hard to find (if they exist at all) because they provide little actual value, other than to satisfy your curiosity. Using a highway analogy for investing, we may all use the same roadways for a time, but ultimately, everyone is going to his/her own home at the end of the day. There are all kinds of people on the road at the same ...


6

There was a story of a store, Target, that started sending a 16-17 year old girl advertisements geared toward a pregnant woman. The father got upset and talked to the local store manager. Ultimately, she was pregnant. But still, creepy story. They profiled her based on purchases. (See Ben's comment below, with link to the story. I recalled the anecdote ...


5

Yes. The simplest option to track your spending over time is to familiarize yourself with the "Reports" menu on the toolbar. Take a look specifically at the "Reports > Income/Expense > Income Statement" report, which will sum up your income and spending over a time frame (defaults to the current year). In each report that you run, there is an "Options" ...


5

What you are doing is neither one. You are simply watching to make sure you don't overdraw, which itself suggests you might be living hand to mouth and not saving. Keeping track of your money and budgeting are useful tools which help people get on top of their money. Which tends to have the effect of allowing you to save. How much did you spend on ...


3

From the link in the question: These leveraged ETFs seek a return that is +300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day. (Emphasis added be me) A leverage ETF will ...


2

Some banks offer a separate login which has read-only permissions. I've seen it called an "app login" but your banks may call it something else. See an example (I'm not endorsing this particular service): https://www.betterment.com/resources/app-specific-passwords/ When you are asked to generate a new app password, Betterment’s interface will then ...


2

A budget is a predetermined plan for spending allocated funds to a fixed set of categories according to a schedule. If by, "Keeping track of your money" you mean you are only recording your spending to see on what it is being spent and when, then the answer is no. A budget has constraints on three things: Schedule Amount Category Schedule: The mortgage ...


2

You can use Mint in Canada. According to this, Mint is not yet available outside of the U.S. and Canada.


2

You could create your own spreadsheet of Cash Flows and use the XIRR function in Excel: Date | CF ------------------ 1/1/2014 -1000 // Bought Netflix 2/25/2014 1500 // Sold Netflix for profit 4/1/2014 -1500 // Bought Ford 6/30/2014 1800 // Sold Ford for profit 6/30/2014 -1800 // Bought Google 6/30/2014 -300 // ...


2

You can compare your performance to a number of institutions' average portfolios, on a percentile basis, via this site. https://www.suggestus.com Obtain a free login, then download the quarterly Private Client Indices (PCI) report for your currency of interest (Euro, US Dollar, Sterling or Swiss Franc). On page 4 you'll find the 25th and 75th percentile ...


2

Back in the olden days, if you wanted to buy the S&P, you had to have a lot of money so you can buy the shares. Then somebody had the bright idea of making a fund that just buys the S&P, and then sells small pieces of it to investor without huge mountains of capital. Enter the ETFs. The guy running the ETF, of course, doesn't do it for free. He ...


1

There's a few problems with your approach (some mentioned in the comments): 5 stocks won't be enough to replicate an index. Price-weighting is an obsolete index approach, so it's not worth trying to replicate such an index. Generally, capitalization-weighting is the most common/representative/cheapest. Investing only in Argentinean stocks would be very ...


1

There are a number of metrics that you can track and the ease of doing so depends on the whether you are designating your closing trades or not. If you are not designating which shares you are selling (or buying if short), tracking total open cost basis is easy. Purchases are debits and sales are credits. You maintain a running total cost summary (...


1

To compare your performance with the S&P 500, I think you have to work out what you would have got at the end of the year if you had simply invested everything in the S&P 500 at the time you invested it in your portfolio (simply looking at "what the S&P 500 did" over the year is not, I think, the right thing to do). This randomly-found site, ...


1

In the United States, when key people in a company buy or sell shares there are reporting requirements. The definition of key people includes people like the CEO, and large shareholders. There are also rules that can lock out their ability to buy and sell shares during periods where their insider knowledge would give them an advantage. These reporting ...


1

Information on who is buying and selling is confidential, so you will not find it anywhere. The exceptions are insider executives, who have to disclose certain trades to the SEC. That's it. Large institutions (and mutual funds) periodically report their equity holdings, but that is very different from reporting their trades.


1

You can't track what individuals are buying/selling, but you can track what mutual fund portfolio managers are buying/selling. They report their holdings every 3 months.


1

FSEMX has an annual expense ratio of 0.1% which is very low. What that means is that each month, the FSEMX will pay itself one-twelfth of 0.1% of the total value of all the shares owned by the shareholders in the mutual fund. If the fund has cash on hand from its trading activities or dividends collected from companies whose stock is owned by FSEMX or ...


1

Annual-report expense ratios reflect the actual fees charged during a particular fiscal year. Prospectus Expense Ratio (net) shows expenses the fund company anticipates will actually be borne by the fund's shareholders in the upcoming fiscal year less any expense waivers, offsets or reimbursements. Prospectus Gross Expense Ratio is the percentage of fund ...


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