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7 Short-Term Financial Goals and How to Achieve Them

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Setting money goals is an important part of planning your financial future. Short-term financial goals, in particular, can help you jump-start your financial planning. What is a short-term financial goal? Short-term money goals are generally smaller goals that you plan to reach within a year.

Goals 268
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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although it might sound tedious, dedicating a little time to checking in on your bank statements, confirming you’re saving enough for retirement and reviewing the financial goals from the beginning of the year can help ensure you are on the right track. It also gives you time to make corrections if needed.

Goals 306
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Everything You Need to Know About Emergency Funds

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If you’ve ever had to pull out a credit card to deal with a dentist or emergency vet bill, you likely know the pain of wondering how you’ll pay for an unexpected expense. An emergency fund is a safety net of money for unexpected expenses. Having an emergency fund can significantly reduce your money worries.

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The Biggest Financial Mistakes to Avoid in Your 20s

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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds.

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

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According to a 2022 survey by Deloitte, 36% of millennials and 29% of Gen Z cited “cost of living” as their greatest concern. Be more descriptive than simply “transportation” because a Lyft to the bar on Friday night should not be marked as a vital expense. advises you to write a list of financial and lifestyle goals.

Finance 279
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5 Financial Basics Everyone Should Know

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But the concepts that can really make a difference to your long-term goals, like budgeting and saving for the future, can get ignored in favor of more exciting ideas like playing the stock market or the latest viral TikTok trend. Your percentages may vary based on your expenses and income. There are multiple ways to create a budget.

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

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The cost of building a life isn’t. We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. Check out your expenses from last month and then categorize each transaction. Set goals and adjust your expenses.

Budget 278