Fiction: Budgeting is for people who don't have much money.

Fact: Budgeting is a wise exercise for people at all levels of wealth. It allows you to allocate your funds toward the goals most important to you. Moreover, the process of developing a budget, which includes tracking your typical expenses, can reveal additional sources of income for saving, investing, giving, or splurging. Indeed, many wealthy individuals adhere to a budget to keep their wealth intact.


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