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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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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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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. List out your purchases in an Excel spreadsheet at the end of each month and place each transaction into a bucket. advises you to write a list of financial and lifestyle goals. and Fuse Mortgage Inc.,

Finance 280
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The Biggest Financial Mistakes to Avoid in Your 20s

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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. It comes down to an individual’s values and goals.

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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. TRY THIS: The app Acorns rounds up each of your purchases and invests the spare change.

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These Are Nicole Lapin’s 6 Money Tips for Living Your Richest Life

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Purchase that daily latte, advises financial expert Nicole Lapin. Throughout the book, she shares personal anecdotes and examples, such as how she painlessly eliminated a $5,000 credit-card balance. If you waste several minutes fussing with the coffeemaker each morning, then it might be cost-effective to buy your brew.

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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? Faced with spending decisions , you might ask yourself whether a purchase supports your core values. As you spend time reflecting on your values , start listing low-cost and free ways of sustaining them. Don’t list too many.