Spending History

A spending history is a record of expenses and purchases over time.

Reviewing spending history helps individuals and households understand where money is being spent and identify patterns that may affect financial goals.

What spending history shows

A spending history can reveal:

  • Monthly spending habits.
  • Recurring expenses.
  • Seasonal changes.
  • Large purchases.
  • Categories with increasing costs.

Why review spending history?

Regular reviews help:

  • Improve future budgets.
  • Identify unnecessary expenses.
  • Find opportunities to save.
  • Understand personal and household financial behaviour.

Spending history and financial planning

Past spending patterns provide useful information when creating future budgets and setting realistic financial goals.