An Expense Tracker is a tool designed to help individuals monitor and manage their spending. It allows users to record their daily expenses, categorize them, and analyze their financial habits. By keeping track of where money goes, users can identify areas to cut back and save more effectively. Many Expense Trackers come in the form of mobile apps or spreadsheets, making it easy to input data on the go. Some popular features include budget setting, expense categorization, and visual reports. Using an Expense Tracker can lead to better financial awareness and improved budgeting skills.