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When planning a road trip, you start by mapping possible routes to your destination. Later on you might take a fun detour or have a surprise pitfall, but you start with an expected route and adjust as needed. A spending plan (aka, budget) is a map that details how you plan to use your money to cover your living costs while aiming to reach your goals.
What You’ll LearnCreate a spending plan.
While your teen is learning about spending and borrowing, consider ways to reinforce learning from home.
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