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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. Or perhaps travel is your top hobby, and you want to devote your dollars to trips abroad.

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7 Money Mistakes You’re Making in Your 20s

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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 Paying credit card interest or fees. Paying credit card interest or fees.

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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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How to Create a Personal Financial Plan

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You’ve heard of entrepreneurs and executives creating a business plan to help them cement and guide their long-term strategy, but did you know that creating a personal financial plan is an excellent way to keep your long-term goals on track? Write your financial goals. I travel the world and experience new things.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

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. Or perhaps travel is your top hobby, and you want to devote your dollars to trips abroad.

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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? As you spend time reflecting on your values , start listing low-cost and free ways of sustaining them. Maybe over your lifetime you were an intrepid traveler. How many unused vitamins and supplements under the name of wellness?

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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. 30% is for wants, like entertainment, eating out or travel.