Money management is difficult and many people resolve to budget better as the new year starts. Devan Wallen from Financial Partners in Knox says the first step to a better budget is to cut out unnecessary expenditures.

“Probably one of the first things you can do is to rid yourself of the non-necessity things. A lot of times people engage in bad habits like smoking, drinking, dining out, and shopping too much and that can cause quite a hindrance to the budget,” said Wallen.

Credit card bills can be overwhelming, especially after the Christmas holiday. Wallen suggests cutting credit cards out completely.

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