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What are some tips on preparing a budget?
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1. Make sure to track your expenses and income for at least one month before creating a budget.
2. Set financial goals that you would like to achieve, such as saving money or paying off debt.
3. Create categories for all of your spending so that you can easily see where your money is going.
4. Allocate a certain percentage of your income towards savings each month.
5. Track your spending by writing down every purchase and comparing it with your budget.
6. Consider setting up an automatic transfer from your checking account to your savings account each month.
7. Look into ways to reduce unnecessary spending such as using coupons or finding deals online.
8. Make sure to review your budget regularly to ensure that you are staying within the limits.