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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 do you build an emergency fund?

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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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Have a Strategic Plan So You Can Cash Out On Your Terms

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Even if you find the perfect new position, it’s still important to focus on your long-term goals and make a plan for leaving the workforce altogether. Include a buffer for inflation, rising medical and prescription costs and unexpected emergencies. Make small steps to achieve your goals.

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4 Smart Money Moves to Plan for Financial Security

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A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. Set goals and start saving for them today. Your goals don’t have to be big and lofty.

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8 Pieces of Financial Advice for New College Graduates

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Following a financial independence plan, which includes a savings system and budget, will be the key to chasing your goals while maintaining a roof over your head and food in the fridge. Use your emergency fund to cover the cost as much as possible. Understand and build your credit score.