Tariq Al Habtoor is a young businessman who graduated with his Diploma of Engineering with Honors from Kingston University, Kingston, UK, in 2015. Tariq Al Habtoor’s presently serving as a Private in the United Arab Emirates Armed Forces to complete his national service, and he’s dedicated to leading a successful life. He often models his habits off those of billionaires around the world, and keeping a budget is among the most useful such habits that he follows.
If you don’t follow a budget, reasons like this might convince you to join financially-savvy people like Tariq Al Habtoor in this useful practice:
- Know What You Have
To make a budget, you’ll need to know your income and expenses every month, and you’ll need to stay up-to-date on them to follow your budget. This keeps you financially-aware, so you can better see ways to build your wealth, reduce unnecessary expenses and distribute your money to things that make you happy.
- Save for the Future
By following a budget, people like Tariq Al Habtoor can reduce their spending to increase what they can save every month. They put this money in emergency savings accounts, retirement accounts, real estate investments and more, and it all pays off in the end.---
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