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Understand your spending habits from "summary" of The Financial Diet by Chelsea Fagan,Lauren Ver Hage
Understanding your spending habits is a fundamental aspect of taking control of your financial life. It involves a deep dive into how you allocate your money on a daily, weekly, and monthly basis. This process requires you to review your bank statements, credit card bills, and receipts to identify patterns and trends in your spending. By understanding your spending habits, you can pinpoint areas where you may be overspending or making unnecessary purchases. This awareness allows you to make informed decisions about where to cut back and where to allocate more of your funds. For example, you may notice that you are spending a significant portion of your income on dining out, which ...
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