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Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

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Karen Akpan, known as @themomtrotter across social media, started her blog in 2017 to document and share budget travel hacks for people. With an expensive California mortgage, car payments and student loans, the emergency fund she and her husband, Sylvester, had dutifully built quickly depleted. Then, in 2019, she lost her job.

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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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And the same could be said if they decide to take up an expensive hobby to fill the time they previously devoted to work. In the process, many miss out on travel, hobbies or experiences they wish to pursue because their health declines too much, Rassam says. Additionally, they must cover out-of-pocket expenses.

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Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

Success

Karen Akpan, known as @themomtrotter across social media, started her blog in 2017 to document and share budget travel hacks for people. With an expensive California mortgage, car payments and student loans, the emergency fund she and her husband, Sylvester, had dutifully built quickly depleted. Then, in 2019, she lost her job.

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Fill Up Your Love Bank, No Matter Your Budget: The Budgetnista Tiffany Aliche on Achieving Financial Wholeness

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They are: Budgeting Savings Debt Credit Learning to earn Investing for wealth and retirement Insurance Net worth Your financial team Estate planning. These small expenses add up, and block you from spending more money on things that will ultimately bring you more joy and satisfaction. Most people will never be able to reach this point.

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5 Ways to Save Money This Holiday Season (Without Disappointing Anyone)

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And it’s not just the United States— Dutch consumers are cutting back, and Canadians are spending less on holiday travel and gifts, new reports show. Like other founders, Howell usually puts any money she makes back into her company, calling for some careful budgeting. But you don’t have to be a part of their game.

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Everything You Need to Know About Emergency Funds

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If you’ve ever had to pull out a credit card to deal with a dentist or emergency vet bill, you likely know the pain of wondering how you’ll pay for an unexpected expense. An emergency fund is a safety net of money for unexpected expenses. This may take months, depending on how much room you have in your budget.

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Can I Go into Retirement Early With FIRE?

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Do you dream of spontaneously traveling to a new place for a few months? It’s a movement that helps people take control of their financial independence by making trade-offs, such as extreme saving and budgeting early in their careers, to retire earlier in life—often decades ahead of a conventional retirement plan.