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8 Pieces of Financial Advice for New College Graduates

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Some people refer to this as an emergency fund , but it is essentially three to six months’ worth of living expenses you can use to pay for essentials if you lose your income or get hit with unexpected bills, such as a car repair or medical emergency. Use your emergency fund to cover the cost as much as possible.

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3 Steps to Take Before Going Into Business for Yourself

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According to the Bureau of Labor Statistics , the average employer paid “78% of medical care premiums for single coverage plans” in 2021, which is a nice perk. These include unavoidable costs such as housing, food, transportation and insurance. If you have a spouse working for a company, you might be able to join their plan.

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How to Save Money on Your Car Insurance

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Understanding the coverage types and dollar limits on your current policy can help you ask informed questions and compare insurance companies one-to-one. You’ll likely need to supply personal information like your name, email, phone number, driver’s license and vehicle information and your current insurance policy details.

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Employee Files: What to include, what to leave out, and what’s confidential

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That’s not even mentioning all the paperwork involved in the onboarding process, such as employee handbooks , contact information, and direct deposit/banking information — just to name a few. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.

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4 Smart Money Moves to Plan for Financial Security

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A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too.