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10.1 Getting Your Personal

Finances in Order

In order to plan for the future, it’s
important to get a sense of where you
are right now. In this section, we will
work to create your personal income
and expenditure statement and bud-
get. Although this process takes an ini-
tial investment in time, the benefits are
worth the effort. A good budget will
allow you to live within your means,
help you prepare for emergencies and
unexpected events, and guide you to
make sound financial decisions so you
can achieve your goals. Living within Tetra Images/SuperStock
your means is not magic; it is as a To begin the process of getting your personal
result of your hard work that you take finances in order, it is important to create a personal
control of your financial well-being. income and expenditure statement and a budget.

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