Budgeting is the first step in taking control of your finances. It allows you to track your income, manage expenses, and save for future goals. For beginners, creating a simple budget can help prevent overspending and build financial discipline. Learn how to categorize your expenses, set achievable savings goals, and stick to your plan. Starting small can lead to long-term financial success.

• Track Your Income: List all your sources of income, including salary, freelance work, or passive income.
• Categorize Expenses: Identify needs versus wants and break down your spending into categories like housing, utilities, groceries, entertainment, and savings.
• Set a Spending Limit: Determine how much you want to spend on each category each month and stick to it.
• Plan for Savings: Set aside a percentage of your income for emergency funds, retirement, and other goals.
• Review Regularly: Check your budget monthly to ensure you’re on track and adjust as needed.

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