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Household Budgeting: Follow these two core principles to build a healthy financial habit in the family

By Economic Times - 2 months ago
There are two core ideas to imbibe about personal finance. First, money is a limited resource. Second, there are alternative uses of money and one makes a choice every time one uses it. I never tire of repeating these two principles because household financial behaviour, habits and, thus, health, depend on how well-entrenched these ideas are in the minds of its members.

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