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6 Tips for an Effective Household Budget

Keeping to a plan to help through the holidays

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2. Slash nonessential expenditures

In the event of a negative number, you are most likely overspending. The simple solution is much harder to do than to say: cut down on spending. Particularly, sacrifice first from your “fun” category. I know it hurts, but remember that this is temporary and leads to long-term stability. Redirect the “fun” money towards debts while becoming more resourceful, eating more meals at home and putting off your vacation.

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