Why is it important to track your income and your expenses?(1 point) Responses because knowing whether you can afford your lifestyle or not is the first goal of financial literacy because knowing whether you can afford your lifestyle or not is the first goal of financial literacy because knowing whether you can afford your lifestyle or not is the only goal of financial literacy because knowing whether you can afford your lifestyle or not is the only goal of financial literacy because you need to by law because you need to by law because your income will tell you how much money you can save
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and invest, and tracking your expenses will show you where your money is going and help you identify areas where you can cut back and save more.
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