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Why is using a budget beneficial?

User David MZ
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A budget can help you determine your long-term goals and put you on the path of working towards them. Having a set criteria or map of how to allocate your spending will ensure you can live within your means and work towards the purchase of those items such as a new car, down payment on a house or even a family holiday.

It can also help you prevent overspending, especially if you are on a credit card.

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User CocoaUser
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