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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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Counseling can include negotiating with creditors, consolidating debts, setting up management plans, and even psychological support to navigate the emotional toll of financial strain. The overarching benefit of improved financial well-being is the ripple effect it has on physical health and lifestyle choices.

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The 6 Biggest Financial Mistakes to Avoid in Your 30s

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For many, it’s a decade during which they are buying their first home, having children and upgrading their lifestyle. Allowing lifestyle creep “Spending is so visible because of social media and the internet,” Mahoney says. However, it’s not just lifestyle creep that’s causing this growing debt.

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The Art of Problem-Solving: 4 Creative Strategies to Tackle Your Biggest Obstacles

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You look at your monthly budget and see that by signing only two new clients per month, you can not only cover your expenses, but also stash some cash. But you also like the lifestyle that your salary pays for: weekly dinner and drinks… lease payments on your Audi… the waterfront condo. The problem-solving strategy : OOC/EMR.

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Do Women Need to Save More When Planning for Retirement?

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Negotiate for a higher salary. It may be uncomfortable, but negotiating a pay raise can significantly add to your retirement savings. Just don’t let your lifestyle negate your increase in pay. If your employer offers a matching sum or percentage, try contributing at least enough to get the full match or get as close as you can.