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What is meant by budgeting?

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Anonymous

16y ago
Updated: 8/17/2019

A budget is a list of anticipated expenses. To make your anticipated expenses equal to your anticipated income is called budgeting. You write it all down on paper. If you don't spend more than you earn, you will not go into debt, and you may be able to save some money for unexpected future needs. If you spend more than you earn, you go into debt and waste money paying interest on your credit card or whatever. There is nothing more liberating than living free of debt.

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Wiki User

16y ago

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