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This will also help you create a realistic budget that you might actually follow.
Youll want to thoroughly review your income and expenses to determine how much youre spending on certain categories.
You may find that you havesome problem areaswith your spending or expenses that could be removed.
While it is important to stick to your budget as much as possible, life happens, said Griffin.
Its crucial that you dont look at budgeting as all-or-nothing.
The goal is to create a spending plan that you’re free to realistically follow.
This doesnt mean everything will always go according to plan because life can throw unexpected expenses at us.
Griffin added, A budget is a financial tool that creates a roadmap to achieve your goals.
Like other parts of life, sometimes there are detours and you have to adjust your plan.
You may prefer an app, spreadsheet, or old-fashioned pencil and paper.
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