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The most important is to always have a goal. Once it is accomplished, you need to come up with another bigger target. Budgeting is all about watching how you spend and where you spend. I would like to point out such components:

  1. be money-savvy
  2. cut unneeded expenses and by that I mean reconsider all of your expenses
  3. be focused on the success only
  4. stick to your budget no matter what.
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Mabelle McDermott

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Q: What are important components of a successful budget?
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The most important is to always have a goal. Once it is accomplished, you need to come up with another bigger target. Budgeting is all about watching how you spend and where you spend. I would like to point out such components:be money-savvycut unneeded expenses and by that I mean reconsider all of your expensesbe focused on the success onlystick to your budget no matter what.


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