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Role of budgeting in making better financial decisions.
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[QUOTE="moonchild, post: 286612, member: 57467"] Great article, budgeting is an essential tool in making better financial decisions. By tracking our spending and identifying areas where we can save, we can make informed choices that will help us achieve our financial goals. Not only does budgeting help us to avoid overspending and excessive debt, but it also provides a roadmap for our future financial success, with budgeting you will be more careful on how you spend your money, this goes a long way in curbing impulse spending. The biggest problem plaguing our financial decisions is impulsive spending, some people even after making a budget they end up spending more than they are supposed to because they can control their impulse, if one has that type of problem the best thing to focus on is solving the problem first, and then go ahead start making budgets on your spending to further mitigate it, it is not easy but definitely worth it. [/QUOTE]
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Role of budgeting in making better financial decisions.
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