Learn to budget and prioritize expenses from "summary" of Rich Dad Poor Dad for Teens by Robert T. Kiyosaki
Learning to budget and prioritize expenses is a crucial skill to have if you want to become financially independent. Budgeting involves creating a plan for how you will spend your money, while prioritizing expenses means deciding which expenses are most important to you and should be paid first. When you budget, you need to track your income and expenses to see where your money is going. This can help you identify areas where you may be overspending and find ways to cut back. By creating a budget, you can ensure that you have enough money to cover your essential expenses, such as food, housing, and transportation, while also setting aside money for savings and investments. Prioritizing expenses involves determining which expenses are necessary and which are discretionary. Necessary expenses are things like rent, utilities, and groceries that you need to survive. Discretionary expenses, on the other ...
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