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

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According to a Gallup survey , only one in three Americans prepares a detailed household budget. Be realistic when you’re setting budgets for each category—you need to eat (groceries), but you probably don’t need that chevron maxi skirt (shopping/clothing). There are tons of tools—online and other—to help you figure it all out.

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Avoid Using “Buy Now, Pay Later” By Planning Ahead

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But while it can be a convenient way to make purchases and get the things you need without using a credit card, it can also become a financial headache if you aren’t careful. Falling behind on payments can mean late fees and possibly even a dip in your credit score if the problem isn’t fixed quickly. Save for big purchases.

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How My Experience as a Black Entrepreneur Shaped My Views on Building Financial Freedom

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What if he wrote down my name from my credit card and used it to find out who I was? In an effort to soothe these discomforts at the office, I would decompress at happy hours, hire personal trainers and purchase loose-fitting clothes—all of which impacted my ability to save and invest.

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106 Thoughts on Overcoming Overwhelm in a Freaked-Out World

Stephanie LH Calahan

You can make that first step easier by supporting yourself: comfy clothes, your favorite music, an organizing buddy, etc. Once that is done, survey what is left and find the next easiest thing you can do. Whether organizing or climbing Mount Everest, you have to START if you want a chance at reaching your goal.

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