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When you have a budget, or a plan as I like to call it, you know exactly where your money is going and can control how much you spend in each expense category. Once you have a handle on your finances, you'll be able to achieve your financial goals. Some general examples are: getting out of debt, saving for an emergency fund or a big purchase such as a car or home, contributing more to a 401k or IRA, etc.

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Q: Why are people with a budget more likely to be financially secure than those who don't have a budget?
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