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Personal Finance
Money Saving
Knowing when, how and how much to spend
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[QUOTE="Knowlopedia, post: 5758, member: 41"] The best way to know how much to spend on anything is to develop a budget. A budget can apply to your personal expenses or business expenses. To help you out, we've compiled a guide on how to not only make a budget, but also maintain it. Step 1: The best way to start off your budget is by figuring out what you actually want and need in life. It is more than just figure in expenses and the amount of money you have. The way to do this is simple, make a list of everything you want or need for your life. Don't forget to include things that are important to you but have little to no monetary value. Step 2: Once you have all of your items, break them up into categories. For example, if you need clothes, break them up into various clothing categories such as: formal wear-shirts and pants, casual wear-shorts and dresses and dressy wear-skirts and suits. [/QUOTE]
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Knowing when, how and how much to spend
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