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Pros &  Cons Of A Weekly Budget

No matter what your financial goals might be — paying down student loans, saving for a new car or house, or just getting a better grip on spending — using the right budget strategy could help you get there.

Pro: More Flexibility

Using a weekly budget could help you spot when, where, and why you overspent in a certain category. And you can react more quickly to make changes to get back on track.

Pro: Tracking Fewer Transactions

If you sit down to review your spending every week, instead of just once a month, you may be able to run through your transactions more quickly.

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Pro: Planning Around Paychecks

A weekly budget could help pinpoint those extra paydays so you can take advantage of the opportunity to work on a short- or long-term goal.

Con: Too Much Temptation

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Telling yourself that you’ll spend less “next week” to justify getting what you want right now could become a habit.

Con: Weekly  Check-Ins Could  Become Overwhelming

Taking the time each week to review your purchases and update your budget may not be realistic for some people.

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