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Sharon develops a basic plan for alana to track every dollar she spends over the course of a month.

Sagot :

Sharon helps Alana manage her finances through a budget template where she can effectively list and track her expenses.

How to create a budget template?

A table containing four columns should be created where the individual will organize their financial information throughout the month, for a better understanding of which are the biggest expenses. The columns are:

  1. Category
  2. Desire/Need
  3. Monthly cost
  4. Percentage of total costs

Therefore, through this more accurate understanding of her spending, Alana will be able to better understand her financial behavior and implement improvements to control her personal expenses.

Find out more about personal expenses here:

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