This is the second video in a five-part Budgeting 101 series. A budget is a spending plan, and it's important to have a realistic understanding of your income and expenses to create an effective budget. Here we discuss how to know whether you are overspending, and tips on how to reduce your spending in the various expense categories. Take some notes so that you can learn how to save money, develop good money habits, and make your hard-earned income work for you.
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