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However, it can also bring stress to those who arent prepared.

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The National Retail Federation reports that Americans spent $875 on holiday expenses in 2023.

Heres what you should know to budget like the rich during theholiday season.

Budgeting can help you become the financial minority.

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The Wrong Way To Budget

Keeping a budget is essential for improving your finances.

However, simply tracking your expenses doesnt guarantee financial improvements.

Kiyosaki points out that thissaving-to-spend-more budgeting modelisnt going to amount to long-term gains.

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For this budgeting model, you must regularly put your income into assets that create passive income streams.

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