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7 Short-Term Financial Goals and How to Achieve Them

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Rebalancing your budget is the process of reviewing your finances to make space for money goals. Pay off high-interest debt Expected time: 6-12 months How to pay off debt: If you’re dealing with high-interest debt, such as credit card debt, paying it off is a great short-term financial goal.

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7 Money Mistakes You’re Making in Your 20s

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Here are seven money mistakes from your 20s that you can easily drop to help get your financial health in good shape. Not considering how many hours (not dollars) something costs. That means the coat will cost you 20 hours (or half of a workweek) to buy. The $40 shirt is a better investment because it costs $.80

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3 Steps to Take Before Going Into Business for Yourself

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Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If that’s not an option, you’ll need to get on a health insurance plan for self-employed individuals. These include unavoidable costs such as housing, food, transportation and insurance. Create a plan.

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3 Common Money Myths Debunked

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In every financial workshop, I hold with 20-somethings, there inevitably comes a point where someone utters the phrase, “But my dad said…” followed by: I should carry a balance on my credit card to improve my credit. I should pay off my debt before I start saving. Buying in bulk is a better deal.

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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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The cost of building a life isn’t. Dive into a digital finance manager, excel sheets, worksheets and a homemade bill binder. Like Dave Ramsey , a personal finance expert, says: “A budget is telling your money where to go instead of wondering where it went.” It all feels a bit much.

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3 Common Money Arguments (and How to Work Through Them)

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That is not to say there are not other sources of power in relationships, such as health, emotional and spiritual well-being, or rich social and family resources, but money is certainly a big one. Discord over finances does not signal that a relationship is irrevocably flawed, or fundamentally doomed. Money disagreements will happen.

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How to Know If You’re Financially Ready to Start a Business

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After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground. Do I have a good handle on my personal finances? What costs will be associated with my business? Some startup costs depend heavily on the type of business (e.g.,

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