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About this quote

What does it mean?
Financial discipline requires tracking every inflow and outflow of money to maintain control and transparency.
In plain terms
Track every penny that comes in and goes out.
What can you take from it?
Track all finances to maintain control.

Where it applies

  • personal budgeting
  • business accounting
  • household management

Putting it to work

  • budgeting
  • financial planning
  • audit

Questions to consider

  • Do you track your daily expenses?
  • How does tracking money affect your behavior?

Another view

Strict tracking can become obsessive or time-consuming.

More from Mahatma Gandhi

  1. Religion in its broadest sense means self-realization or knowledge of self.

    Permalink to quote #83
  2. Real seat of taste is not the tongue but the mind.

    Permalink to quote #85
  3. A clean confession combined with a promise never to commit the sin again, when offered before one who has the right to receive it, is the purest of repentance.

    Permalink to quote #82

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