keep track of costs

USAGE SUMMARY

The phrase "keep track of costs" is correct and usable in written English.
You can use it when discussing the management or monitoring of expenses in a business or personal finance context. Example: "It's important to keep track of costs to ensure we stay within our budget for the project."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The phone works with local pre-paid SIM cards, so you can skip most fees and keep track of costs as you go.

The Economist

Keep track of costs.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

Show your child how to set up a simple accounts book to keep track of cost basis, dividends, stock splits and sales.

Forbes

One interview participant noted that it would be difficult to keep track of cost-savings: " …trying to measure that without a health economist expertise is going to be really difficult.

Health Research Policy and Systems

Is it really asking too much of people to keep track of their costs?

The New York Times

To keep track of the costs, which a few senators viewed as exorbitant, the legislation states that no individual project can go 20percentt over budget without an explanation to Congress.

The New York Times

This feature will also use the trip data to provide travel managers with access to monthly reports that keep track of employees' costs, rides and routes.

TechCrunch

Payments could be processed automatically based on usage, and the car itself would keep track of all costs related to pay-as-you drive insurance, tolls, parking and power consumption.

TechCrunch

Keep track of your costs, your successes and errors.

WikiHow

The positive: Schwab will keep track of your cost basis.

Forbes

These new services will hopefully make it a bit easier to at least keep track of AWS cost without having to resort to third-party tools.

TechCrunch

Expert writing Tips

Best practice

In project management, integrate "keep track of costs" into project management software to monitor budget adherence in real-time.

Common error

Avoid using "keep track of costs" superficially; ensure that all direct and indirect expenses are diligently accounted for, including overhead and opportunity costs, to gain a holistic view of the financial landscape.

Linguistic Context

The phrase "keep track of costs" functions as a verb phrase indicating the action of monitoring and recording expenses. Ludwig AI confirms its usability in written English. The examples provided demonstrate its use in various contexts.

Expression frequency: Common

Frequent in

News & Media

33%

Wiki

33%

Science

11%

Less common in

Formal & Business

8%

Encyclopedias

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, "keep track of costs" is a grammatically sound and frequently employed phrase that emphasizes the importance of monitoring and documenting expenses. Ludwig AI validates its correctness, and it is suitable for various settings, including business, news, and personal finance. To enhance your writing, consider using related phrases such as "monitor expenses" or "track expenditures", and remember to account for all costs, both direct and indirect, for a comprehensive financial overview. Remember to supplement "keep track of costs" with visual aids like charts and graphs for better clarity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

monitor expenses

Focuses on the active process of watching expenses.

track expenditures

Emphasizes recording and following how money is spent.

manage budgets

Implies a broader oversight of financial planning.

control spending

Highlights the act of limiting or regulating expenses.

oversee financial outlays

A more formal way to describe supervising monetary disbursements.

audit expenses

Suggests a systematic review of costs.

record expenses

Focuses on the act of noting all costs.

document costs

Emphasizes the act of keeping a written account of costs.

calculate costs

Highlights the process of determining the total expenses.

itemise outgoings

Implies listing each individual expense.

FAQs

How can I use "keep track of costs" in a sentence?

You can use "keep track of costs" to emphasize the importance of monitoring expenses, as in "It's crucial to "keep track of costs" to stay within budget".

What are some alternatives to "keep track of costs"?

Alternatives include "monitor expenses", "track expenditures", or "manage budgets", each varying slightly in focus.

What's the difference between "keep track of costs" and "reduce costs"?

"Keep track of costs" focuses on monitoring and recording expenses, while "reduce costs" implies actively taking steps to lower expenditures.

Why is it important to "keep track of costs" in business?

It's essential to "keep track of costs" to maintain profitability, make informed financial decisions, and prevent overspending.