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How Toxic Positivity Can Hurt Your Finances

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As it applies to money, toxic positivity may even hurt your finances more to assume that everything will work out without any effort from you. Resilience , on the other hand, lets you keep moving through a challenging situation like a scary medical diagnosis or job loss while still being able to acknowledge that things are hard.

Finance 258
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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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Managing money is intimidating, but it’s 100 percent doable—and it’s pretty darn necessary if you want to be in control of your dollars. Dive into a digital finance manager, excel sheets, worksheets and a homemade bill binder. According to a Gallup survey , only one in three Americans prepares a detailed household budget.

Budget 275
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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. If you just traded in your cap and gown for your first taste of real adulting, managing your finances might feel like an overwhelming task.

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4 Smart Money Rules for Couples Living on One Income

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Managing that vast earnings gap can be challenging for single-income households. To combat feelings of income ownership, couples can adopt an “our money” approach in which all earnings are shared and jointly managed. Having an agreed-upon policy for managing personal costs is also critical for couples sharing one income.

Finance 246
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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. However, building up finances for self-employed individuals can be difficult, as it can take a while to get your business up and running. Work with professionals.

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Want to Retain Your Team? Offer Financial Well-being Programs

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For employees, finances are actually the top source of stress — even more so than health or family issues. . According to SHRM , 35% of HR professionals surveyed offered financial planning benefits for long-term security, such as sessions with a financial advisor on wealth management, investments and estate planning.

Finance 284
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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Often, these fall into categories of personal well-being, relationships and finance. Additionally, consider breaking larger goals into smaller, more manageable steps. New Year’s resolution ideas to improve personal finance Create a monthly budget. Set savings goals. Invest in an emergency fund. Learn about investing.

2024 277