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The 6 Biggest Financial Mistakes to Avoid in Your 30s

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It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. The same study from Debt.com found that one in three credit card holders in the U.S. have maxed out their credit cards to cover expenses due to inflation. While the average age in the U.S.

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

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You don’t necessarily need to retire from work, but focusing on how you would live your life if you weren’t subject to a boss dictating your time can help you determine what’s essential in your life and what you want to make a priority. Include a buffer for inflation, rising medical and prescription costs and unexpected emergencies.

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How to Know If You’re Financially Ready to Start a Business

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After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground. Are you currently earmarking 15% to 20% of your income for retirement? But if you’re starting a business, then you generally won’t have income to put toward retirement at first.

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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. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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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.