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In other words , cut your cloth according to your size . Once you have a clear understanding of your financial status, the next step is to live within it.
This means creating a budget that takes into account all of your expenses and income, and making sure that you do not spend more than you earn.
This may involve making some changes to your spending habits, such as cutting back on unnecessary expenses or finding ways to reduce your bills.
RE: Understand your financial status and live within it.