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Why is budgeting important? Budgeting teaches you how to control your money instead of letting money control you. For students, this means using your allowance or savings wisely so you can turn it into capital for a small business. Without budgeting, you might spend everything on wants and have nothing left to grow.
Steps to Start Budgeting:
Know your allowance and expenses. Write down how much money you receive weekly and where it goes .
Identify how much you can save. Even ₱20 a day can grow if you are consistent.
Set aside capital. Use your savings as starting money for supplies.
Track your sales and profit. Keep a notebook where you record how much you spent and how much you earned.
Sample Budget Breakdown:
50% – Materials
30% – Savings
20% – Extra fund
“Budgeting is not about limiting yourself — it’s about making your money work for your goals.”
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