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

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For example, shipping services are trying to counteract the dip in spending by cutting shipping costs for businesses. It can be tricky when things come up like holidays, especially those gift-giving holidays, because they also coincide with events like buying new winter clothes for my kids, or family parties, teacher gifts,” she says.

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8 Pieces of Financial Advice for New College Graduates

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After all, learning how to manage your finances before money mistakes happen can help you avoid easy-to-make slip-ups like dings to your credit score or an overdrawn bank account. Before you start divvying up your paycheck into budget lines, it’s a good idea to decide first how much savings you need to set aside for a rainy day.

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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. To help you get started, focus on saving six weeks of your monthly costs to help you cover most minor emergencies. How do you build an emergency fund?

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3 Steps to Take Before Going Into Business for Yourself

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As the world begins to open back up, many of us hesitate to give up this flexibility. 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.

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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. We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. It all feels a bit much. Categories are not limited—they should be customized to your own spending habits and responsibilities.

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Have a Strategic Plan So You Can Cash Out On Your Terms

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How old you are, any children you have and how old they are, and if you have credit card debt, student loans or medical debt, as well as costs for insurance, utilities and food should all factor into your list and will determine how much you need to spend each month. Remember to focus on consistency over significant wins.

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Avoid Using “Buy Now, Pay Later” By Planning Ahead

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But while it can be a convenient way to make purchases and get the things you need without using a credit card, it can also become a financial headache if you aren’t careful. Falling behind on payments can mean late fees and possibly even a dip in your credit score if the problem isn’t fixed quickly. Remember, it’s still debt.