DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing cover image

From Monitoring to Managing - How to go from tracking your expenses to actually developing a budget.

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

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The Bottom Line of a Debt Reduction Budget Is Negative

The goal of any budget is to create what we call margin, the difference between what you are spending and what you are bringing in. In order to get ahead, you're going to have to get some margin. The only way you can do that is to immediately start cutting some things that are not necessary or and or increase that income.

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