This is not about investing, although that's also a good habit. This is about knowing where your money is coming from and going to. Most parents have this figured out, but many other people completely ignore this.
It doesn't take long. you can set up app, or go oldschool with pen and paper and write down your incomes and expenses and catogorize them. Soon enough you'll know where you spend your money. Simple and doesn't take more than a few seconds.
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It's important to have an overview of your money and where it's being spent. It's possible to fit your expenses into these four categories:
Budgeting your money is the cornerstone of a sound financial plan, and seeing all the numbers in black and white can offer valuable perspective on where your mone...
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