**This article is for members of the Million Dollar Year and Wealth Building Accelerator.
There are 3 main purposes of this activity:
- To get you really conscious of what is happening with your money. Manually entering your income and expenses gets you really connected to your money has you pay attention to it in ways other systems don't.
- You will use this information in Step 4: Aim to inform your place on the Roadmap and your goals moving forward. Accurate information here will show your current Net Cash Flow amount, which helps you set the best and most informed financial goals throughout the next few steps.
- This tracker becomes the base of your budgeting system in Step 6: Design. Tracking isn't the end of your money management system, as most people will choose to use budgeting on an ongoing basis. Starting with this tracker first helps to break down the different skills needed for budgeting into manageable steps.