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To improve spending patterns, individuals can create a detailed budget that outlines their income and expenses, helping them identify areas where they can cut back. Additionally, tracking spending through apps or spreadsheets can provide insights into spending habits, allowing for better decision-making and prioritization of needs over wants. Implementing the 50/30/20 rule—allocating 50% of income to needs, 30% to wants, and 20% to savings—can also promote healthier financial habits.

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1mo ago

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