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5 Financial Basics Everyone Should Know

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But the concepts that can really make a difference to your long-term goals, like budgeting and saving for the future, can get ignored in favor of more exciting ideas like playing the stock market or the latest viral TikTok trend. Paying off debt Paying off credit cards or other debt can feel like rolling a boulder up a hill.

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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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But finding the right resolution for you—one that you will actually keep—isn’t an easy process. Once you’ve identified your areas of focus, plan your approach by setting SMART goals. That is, goals that are specific, measurable, attainable, relevant to your needs and time-bound. Maintain a positive and resilient mindset.

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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. Instead of getting discouraged, try breaking the bigger goal into smaller pieces to make the process more manageable. Start slowly.

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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

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advises you to write a list of financial and lifestyle goals. Separate your goals into five, 10 and even 20-year plans based on your determined spending and saving habits. Ensure your goals and budget are reasonable and attainable,” Tenaglia warns. Welcome to adulthood, where your credit score is (hopefully) lit.

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Transforming Your Relationship with Money

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We are often told by personal finance experts that money should only be viewed as a tool to reach our goals, with no emotions attached to it. With that feeling comes a sense you can never reach your financial goals. Determine the facts. Change takes time. The post Transforming Your Relationship with Money appeared first on SUCCESS.

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How Toxic Positivity Can Hurt Your Finances

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While staying positive is essential to reaching your goals, pushing aside or suppressing negative feelings can make things worse in the long run. Generally, when we don’t process our feelings as we have them, we can strengthen negative thoughts until they are overwhelming, according to Psychology Today.

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16 Rich Habits

Success

Stay away from accumulating credit card debt. Contribute as much as you can afford to a retirement plan. Instead, these successful people use their free time engaged in personal development, networking, volunteering, working side jobs or side businesses , or pursuing some goal that will lead to rewards down the road.

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