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Budgeting is all about prioritizing income and expenses. Income should equal expenses, with every dollar assigned to a purpose, including saving. By assigning each dollar to an expense, you’ll know where and how your money is spent.
The ability to make smart decisions about where and how to spend money is a powerful tool. By spending money wisely, you can balance the quantity and quality of each purchase in order to get the best value.
By understanding education and career opportunities, a student can make an informed decision on life-altering choices, from the college they attend to the amount they take out in student loans.