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Everything You Need to Know About Emergency Funds

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Because you’ve thought ahead and set aside money for a rainy day, you’re less likely to use a high-interest credit card, take cash out of your retirement accounts or try to access the equity you may have built up in your home. This may take months, depending on how much room you have in your budget. Should I save or invest?

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2023 Financial Forecast: How to Prepare for the Year Ahead

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It’s become more difficult in the past year, however, to know what your expenses will be each month—and that makes it all the more challenging to stick to a budget. In the past year, two dynamics in the broader economy have made it especially difficult to stick with a budget and avoid racking up debt.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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But getting stuck in a cycle of accumulating and paying debt can create long-term emotional and financial damage that hold women back from other financial priorities such as buying a home, investing in the stock market or saving for retirement. The debt payoff plan I find effective and accessible for many people is the “Debt Avalanche”: 1.