Budgeting is essential from "summary" of Know Your Money by
Budgeting is the cornerstone of financial success. It is the foundation upon which all financial decisions are built. Without a budget, it is like sailing a ship without a map, unsure of where you are going or how you will get there. A budget is a plan for how you will allocate your income to meet your expenses. It allows you to see where your money is going and helps you make informed decisions about how to spend it. By creating a budget, you can track your spending, identify areas where you can cut back, and prioritize your financial goals. Budgeting is not just about cutting back on expenses; it is also about setting goals for the future. Whether you want to save for a vacation, a new car, or retirement, a budget can help you allocate your funds in a way that aligns with your priorities....
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