Track your spending habits from "summary" of The Automatic Millionaire, Expanded and Updated by David Bach
To become wealthy, you must understand where your money is going. You need to track your spending habits. This means keeping a record of every dollar you spend. If you don't know where your money is going, you won't be able to make informed decisions about how to save and invest it. Tracking your spending habits is the first step towards financial security.
Tracking your spending habits allows you to see where you might be overspending. It can help you identify areas where you can cut back and save more money. For example, you might realize that you're spending too much on dining out or shopping for clothes. By tracking your spending habits, you can take control of your finances and make ...
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