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Budget for Your Peace of Mind.

Byline: Erin Burt, Kiplinger Washington Editors

The remedy? Tackle that tension with a budget.

If the mere mention of the "b" word raised your blood pressure, take a deep breath and consider this: Budgeting is simply a way to make sure you have enough money to reach your goals.

A budget isn't constricting. It sets you free. When you have a plan, know how much money you have and where it's going, you don't have to worry about it. Knowledge really is power.

Here are the five basic steps to building a budget that'll put your mind at ease. It'll take a bit of time and effort, but it's well worth it.

1. Take inventory

Before you can make a plan, you need to know ...

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