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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.

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7 Money Mistakes You’re Making in Your 20s

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Here are seven money mistakes from your 20s that you can easily drop to help get your financial health in good shape. Not considering how many hours (not dollars) something costs. That means the coat will cost you 20 hours (or half of a workweek) to buy. The $40 shirt is a better investment because it costs $.80

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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. To help you get started, focus on saving six weeks of your monthly costs to help you cover most minor emergencies. How much should an emergency fund be?

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3 Common Money Myths Debunked

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In every financial workshop, I hold with 20-somethings, there inevitably comes a point where someone utters the phrase, “But my dad said…” followed by: I should carry a balance on my credit card to improve my credit. I should pay off my debt before I start saving. Buying in bulk is a better deal. Investing is too risky.

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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. Set goals and adjust your expenses. By sitting down each month and comparing your actual expenses to what your goals were will help you stay on track. It all feels a bit much. Categories are not limited—they should be customized to your own spending habits and responsibilities.

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How to Find Your Money ‘Why’

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How many bath bombs have been purchased on credit cards in the name of self-care? You might find yourself naming things like “beauty,” “health,” “community,” “family” or even something grander, like “justice.” As you spend time reflecting on your values , start listing low-cost and free ways of sustaining them.

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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Set goals and start saving for them today. Your goals don’t have to be big and lofty.