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How to Create and Stick to a Budget

 How to Create and Stick to a Budget Creating and sticking to a budget is a key step in managing your finances and achieving your financial goals. While it may seem challenging at first, with the right approach, budgeting can give you control over your spending and help you make better financial decisions. Here’s a step-by-step guide on how to create and stick to a budget: 1. Understand Your Income Identify Your Sources of Income : Start by calculating your total monthly income. This includes your salary, side income, freelance work, and any other sources of regular income. Tip : Focus on your net income (after taxes and deductions), not your gross income. 2. Track Your Spending Track Everything : For at least a month, record all your expenses. This includes both fixed costs (like rent or mortgage, utilities, insurance) and variable costs (like groceries, entertainment, and dining out). Use Tools : You can use budgeting apps (like Mint, YNAB, or PocketGuard), spreadsheets...

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