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Budget - Savings Plan
A budget
 is your financial plan
that compares your income
to your expenses.
The difference between income and expenses is your
savings.
Savings then get channeled into investments:
- Short-term money: money you will need within 1 year.
- Medium-term money: money you will need in 5 - 7 years.
- Long-term money: money you will need in longer than 10 years.
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