How To Budget: Accruing Balances
4 months ago
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After determining how much you are going to allocate to each expense item and generating a balance by inputting what you have spent, it is time to take the next crucial step: accruing balances over consecutive pay cycles.
An effective budget will keep track of your account balance. It does this by adding the balance of your current pay cycle to the accrued balance of the previous pay cycle.
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