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

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However, important skills like when and how to manage your finances don’t come naturally to many. I promise this will not be another article that berates your affinity for avocado toast (pro tip, if you prepare it at home it’s half the price!) Lesley Tenaglia, a mortgage agent at both Ultimate Mortgage and Finance Solutions Inc.

Finance 280
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5 Long-Term Financial Goals and How to Achieve Them

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These goals provide motivation, direction and discipline when managing your finances. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

Goals 289
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2023 Financial Forecast: How to Prepare for the Year Ahead

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And with a new year approaching quickly, it can be a good opportunity to take stock of what’s happened in the past year—in your personal life, career and with your finances—and think about what changes you’d like to make in the year ahead. As you think about your personal finances heading into 2023, credit card debt should be top of mind.

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7 Apps to Teach Kids About Money

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The days of working hard to earn a buck aren’t exactly gone, but the personal finance landscape is certainly more complicated now than it was a few decades ago. A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less.

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Do I Need to Buy Life Insurance?

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People purchase life insurance to help their families replace lost income and cover final expenses after death. The results of your exam may influence the price you pay for life insurance. The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors.

Policies 264
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Financially Challenges Millennials Changing Society

Small Business Labs

According to several recent articles the financial problems of millennials is leading to changing behaviors and purchase patterns as well as broader societal shifts. The article goes on to list a series of depressing stats on millennial finances, including: Average Millennial student loan debt: $33,000. [ USA Today ].

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Five Ways to Tell the Recession is Over

Small Business CEO

Unfortunately, as people with online finance degrees will tell you, the only way to determine the exact point at which the economy starts its recovery is by living through the tough times and studying the records once it’s over. Confidence is restored when the market’s decline turns around and prices start to make a steady climb.