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Why should you keep track of income and expenses? Keeping a b | ❤️ LIFE EXPERIAN👇

Why should you keep track of income and expenses?

Keeping a budget will help you see how much you actually earn and what the funds are spent on each month.

From the accounting of income and expenses for the past months, it will become clear which expenses are major and which are secondary. What payments must be made (for example, for utilities, for education and children's clubs, taxes, food), and what expenses can be waived.

You can start saving money, because even with a small income, you can save, albeit a little. Optimization of expenses will help to abandon some of the unnecessary expenses, and the freed up money can be set aside.

Managing your finances will help you get out of debt (if you have any) and stop living paycheck to paycheck. Over time, you will become more financially literate and find sources to save and invest.

LIFE EXPERIAN