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Expenses are what you spend money on. Keeping track of your spending activities throughout the week can help you be more mindful about where your money is going.
Ideally, your monthly expenses and set-aside savings should not exceed your anticipated income. When expenses are more than the income, this is a time to consider ways to either increase income or trim down expenses.
Think about the types of expenses that are necessary obligations and how closely each expense matches with your values and dreams to prioritize where your money goes. Limit your spending to the things that matter most, and use the rest of your money to power your financial future.
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