Should I be eating all calories earned from excersise?

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I need someone to tell me if this is right.

I start my day with the following calorie goal: 1200. Then I exersise in the evening and earn anywhere from 200 to 500 extra calories and my Daily goal changes accordingly to 1400 or 1700, etc.

Should I be trying to meet that amount of calories? I've been only trying to hit the original 1200 goal and counting the rest as burned and gone.

Can someone please tell me if I'm doing this right?????

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