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What are Short-term goals
Goals or achievements that can be completed in less than a year.
What are Long-term goals
Goals or achievements that take more than a year to complete.
What is Net income
Income that you take home after deductions.
What is Gross income
Total income earned before tax deductions.
What is a realistically saving in budgeting?
Saving money in a practical and achievable manner.
What does the 8% rule apply with budgeting?
Ensuring that your net income is at least 8% higher than your total payments.
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