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Welcome to part 2 in the series on Budgets. One of the biggest variables in budgeting is that most people have their own way of setting up their own budget and categorizing their expenses. You may even be thinking about the numerous categories you have in yours.
Setting up a budget with useful categories is key to setting yourself up for financial success. Too many, or too few, categories can give you misleading information about how you are spending your money. It’s important to review these categories periodically to see what best fits your needs.