Spending Categories |
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In order for us to truly analyze our expenditures, we must first be able to group them into similar categories. Knowing that we just spent $50 at Target tells us nothing particularly useful; however, knowing that our Target bill was comprised of $20 on "baby supplies," $20 on "entertainment," and $10 on "groceries," gives concrete data with which to work. Following are some commonly-used spending categories:
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