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Keep track of your expenses to identify areas for improvement from "summary" of I Will Teach You To Be Rich by Janny Patri
One of the most important steps in taking control of your finances is understanding where your money is going. By keeping track of your expenses, you can identify patterns and trends that can help you make more informed decisions about your spending. This process involves recording every single expense, no matter how small, to get a clear picture of your financial habits. Tracking your expenses allows you to see exactly where your money is going each month. This can be eye-opening, as many people are unaware of how much they spend on certain categories such as dining out, shopping, or entertainment. By documenting every expense, you can pinpoint areas where you may be overspending and make adjustments accordingly. In addition to simply recording yo...
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