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How Much Do You Spend on Crack Every Month?

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That was a trick question, I hope you don’t spend any money on crack because crack is bad for you.

However, if you ever wanted to know how much you are spending on your drug habit or any other habit for that matter, I have found a great free app for iPhone and iPod Touch.  CashTrails allows me to track my expenses and is very easy to use and extract data from. You can even download the results to your computer.

You can categorize anything you want to track…gas, food, fuzzy handcuffs, movie tickets, etc. and get reports on how much you are spending by category or by month or week.

The reason I find this helpful is because in order trade for a living, I need to not only make more money as a trader, but figure out how to reduce my living expenses.  When I can get my living expenses low enough and trade well enough to more than cover my living expenses, I am FREE!

When I don’t have to go to a 9-5 job anymore, I can devote more time to trading and other things I like to do.  This in turn will give me the time to become a better trader and allow me to make more money.

Check out this cool little app for iPhone on their website:  CashTrails