What are the Steps Involved in Making a Budget?

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Your budget can and should help you identify where you’re spending too much of your hard-earned money. But, at the same time, it can also help you identify how you can better put your money to work for you.

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Essentially, having a ‘budget’ makes it easy to create a spending plan so that you can make sure you’re staying within your limit, so to speak.

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The good news is that creating a budget isn’t the hard part; sticking to it is where most people fall short.

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Totaling your income

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Full-time income, part-time income, and anything related to contract-type work can all be considered active income.

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Totaling your expenses

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Let’s calculate!

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Swipe up to Continue Reading!

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Visit WealthyNickel.com to learn how to save money and invest!

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