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Financial Responsibility 101: A Course for Teenagers
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Lesson 2,
Topic 3
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Prioritizing expenses
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Focus on essential expenses first, then allocate money to non-essential expenses and savings. By focusing on “needs” and making sure they are covered before the “wants”, you will be sure to be able to afford most of the items in your budget. Sometimes you have to wait to afford the “wants” but that’s ok.