70% of your income should go towards paying everything else. All bills, and whatever else you may need. Your money talks when you begin to budget your income in this manner because you will now have full control over your budget. This gives you the peace of mind to make smart financial decisions. When you have no control over your budget you will notice you do not have full control over your range of emotions. Living paycheck to paycheck is a terrible way to live.
Once you fully budget your expenses you will be mentally stable and mentally able to recognize all opportunities in front of you. Peace of mind over your financial situation is key when wanting to move ahead. Without being in control of your finances you will not be able to move ahead financially. That's it from Money Talks on budgeting your income.
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Monday, October 29, 2007
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