What are metrics and why use them? A metric, in this sense, is
simply a standard of measurement or a means of measuring your
progress toward achieving your financial goals. Anyone can come
up with general financial goals and can create budgets to help
them achieve these goals; however, there has to be a way of
monitoring your progress. Without a means of determining whether
or not your budgeting plan is working, or working as effectively
as intended, there is no real way to recognize and correct
errors or oversights. These metrics will show you if you are on
track to achieve your goals within the appropriate time frame or
whether you will have to adopt more stringent measures to get
yourself where you want to be without resorting to fast cash
loans. Compare spending rates Most budgeting focuses on saving
money by allocating a certain number of dollars for each expense
and keeping the expense within that limit. However, to
effectively save money you have to know what your previous
spending was for that expense