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10 Common Budgeting Mistakes

by Aaron May, Advertising Coordinator at Texas Bank and Trust


A detailed, written budget is a vital part of a healthy financial plan. When done correctly, a budget serves as a blueprint for our money. It gives us the power to decide where every dollar is spent, including how much we put into savings, set aside for emergencies and future purchases, as well as planning for retirement. However, many of us leave out key elements of an effective budget. So let’s examine some of the common mistakes we encounter when planning our finances.

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