Managing Your Finances: Safe Ways to Track Bank Statements (PDF to CSV/Excel) & UPI Expenses

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Managing Your Finances: Safe Ways to Track Bank Statements(PDF to CSV/Excel) & UPI Expenses

With UPI Apps becoming mainstream nowadays, cash is garnering the status of a rare and exclusive commodity. Right from a small cart vegetable vendor to a big supermarket or a showroom, everybody has QR Codes installed to facilitate UPI payments rendering cash obsolete. However, other than the amazing benefits of these UPI apps, there are some minor inconveniences and major disadvantages as well.

One of the major disadvantages is, that due to the convenience provided by these apps, we tend to spend more and eventually lead ourselves to make bad financial decisions. Now, the question here is how to prevent ourselves from going off track with these apps.

How to use UPI Apps responsibly?

Trust us! It is no rocket science. All you need to do is keep the below points in mind to make sure you are making better financial choices in your everyday life.

• Track your finances

Make sure you keep a tab on your financial transactions no matter how big or small are they.

• Evaluate your spending habits

When you start keeping track of your finances, you will be able to thoroughly evaluate your spending habits and identify areas where you can eliminate or cut down your expenses.

With the assistance of the above two points, you can not only learn more about your money habits but also make better financial choices thereby bringing in the stability that everyone desires in their money matters.

What can help you in tracking your finances?

There are several tools available out there to help you track your finances. However, one common thing between all the tools, services, and methods utilized to keep a tab on finances is Bank Statements. Now, whether it is a loan account statement, savings account statement, credit card statement, or current account statement; each of the banking statements is a must for anybody who is looking to improve their finances by recognizing irregular spending patterns.

Coming to bank statements, are generally available in PDF format. However, to help with our financial tracking activities, an Excel or CSV format is better. Several utility websites cater to converting a general bank statement PDF to Excel or CSV and most of you must have utilized them as well. However, do you ever care to think whether these websites are safe, reliable, and trustworthy? You should not upload a document as sensitive as your bank statement to these generic websites. Therefore, what is the solution? Read below to find out.

How to keep Bank Statements safe while converting the format?

1. As a first, we recommend that you try to track your finances and pinpoint transactions using the PDF itself. However, if it is too much of a burden, we recommend manually converting your bank statement to Excel.

2. Almost all of you will say that Point 1 is too much time-consuming. The second solution is to utilize websites such as Tablesense.ai that cater specifically to converting Bank Statements from PDF to Excel and PDF to CSV. The benefit here is that this website guarantees the deletion of your uploads immediately after the conversion completes. Moreover, since this website specifically caters to converting bank statements from PDF to CSV or Excel, it comes with a smart detection feature for tables ensuring 100% accuracy in the final output.

Conclusion

We hope you are all set now to utilize these UPI apps responsibly, keeping track of your financial spending and eliminating unnecessary expenses. Let us know in the comments below if you have any further questions or queries.