I made the mistake of not doing a monthly budget until very recently. Why is that a problem? If you don't know how much you're spending, there's no way to rein it in. You have to be aware of where your money is going before you can curtail your spending, and a monthly budget helps. If you're not keeping a budget, start immediately. The following article has budgeting tips and an app that makes it easier to budget.
The 5 Biggest Money Mistakes New Grads Make appeared on Yahoo Finance.
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