Keeping and understanding the details of money coming in and money going out will help you make the best money decision throughout your life. Keep it simple, one page for income and one page for expenses. Rule off and total the page each month, add up the monthly amounts for a year and compare your results to other years and to other benchmarks.
Keep income higher than expenses.
If all this seems too hard ask for help. We don’t all want to be accountants; however, we all have the responsibility to ourselves and our families to look after our money in the best way we can.
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