Clear, direct answers to the most common questions about tracking expenses — how to start, what to track, and how NetWorthLiv makes it effortless.
An expense tracker is a tool that helps you record, categorize, and analyze your spending. NetWorthLiv is an expense tracker that lets you log purchases manually or import them from bank statements, organizes them into categories, and shows you where your money goes with visual breakdowns and trends.
Start by recording each expense with its amount, date, category, and payment method. You can do this manually or by importing a bank statement (CSV or Excel) that NetWorthLiv parses automatically. Once you have a few weeks of data, review the category breakdown to see where your money is going.
Yes. NetWorthLiv supports importing expenses from Excel and CSV bank statements. Upload your statement file and the app extracts transactions, suggests categories, and flags potential duplicates for your review — so you get the detail of manual logging without typing every transaction.
Start with 10–15 broad categories like Food & Dining, Transport, Utilities, Groceries, Shopping, Entertainment, Healthcare, and Rent. NetWorthLiv comes with sensible default categories and lets you add subcategories for finer detail. Avoid over-categorizing — too many categories creates maintenance friction that causes people to quit.
You set a monthly or yearly budget for each expense category. As you log expenses, NetWorthLiv tracks your spending against each budget and alerts you when you approach the limit (by default, at 80%). This lets you adjust spending before you overspend, not after.
Yes. NetWorthLiv supports recurring expense tracking. You can mark an expense as recurring (weekly, monthly, quarterly, or yearly) with start and end dates, and the app tracks it automatically so subscriptions and regular bills don't slip through the cracks.
Yes. Every expense in NetWorthLiv is tagged as personal or business, and you can assign business expenses to specific business entities. This keeps your books clean for accounting and tax purposes while letting you see personal and business spending side by side.
Yes. You can log expenses in USD, EUR, AED, GBP, INR, and many other currencies. NetWorthLiv converts everything to your base currency using live exchange rates, so your spending analysis stays accurate even when you travel or hold accounts in different countries.
NetWorthLiv offers a free 30-day trial with full access to all features — no ads, no feature gates. No payment is charged during the trial, and you can cancel anytime. After the trial, affordable Basic and Premium plans keep your expense tracking running.
An expense tracker records and categorizes your spending (what happened). A budget app sets spending limits and tracks progress against them (what you plan). NetWorthLiv does both — it tracks your expenses and lets you set budgets with alerts, so you see both what happened and how it compares to your plan.
Yes. NetWorthLiv lets you export all your financial data — including expenses, income, assets, and liabilities — to Excel at any time. There's no data lock-in; your data is always yours to take with you.
Yes. NetWorthLiv uses AES-256 encryption for data at rest and TLS 1.3+ for data in transit. Each user's records are isolated with row-level security, so no other user can ever access your expense data. You can export or permanently delete your data at any time.
Free 30-day trial · No payment charged upfront · Cancel anytime