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5 Long-Term Financial Goals and How to Achieve Them

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In this article, we’ll go over examples of some long-term financial goals, as well as some tips to help you get started. Popular examples of long-term financial goals to start saving for your future include: 1. Once you have a rough estimate of savings needs, you can start putting money toward retirement.

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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although it might sound tedious, dedicating a little time to checking in on your bank statements, confirming you’re saving enough for retirement and reviewing the financial goals from the beginning of the year can help ensure you are on the right track. Subtract your net income from your net expenses.

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5 Financial Basics Everyone Should Know

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Your percentages may vary based on your expenses and income. Saving just $20 from every paycheck can add up and keep you from pulling out a credit card when emergencies happen. Paying off debt Paying off credit cards or other debt can feel like rolling a boulder up a hill. Cancel cable or a subscription service.

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How to Set and Achieve Financial Goals

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Setting financial goals helps you improve your financial situation, whether you want to pay off debt, buy a home or fund retirement. Saving three months of living expenses in an emergency fund, upgrading to a new computer or planning a vacation are common short-term goals. Allocate these excess funds toward your goals.

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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. That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. The same study from Debt.com found that one in three credit card holders in the U.S. in 2021.

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8 Pieces of Financial Advice for New College Graduates

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You may need to create rules for yourself, like that a percentage of your paycheck needs to go toward retirement savings before you can buy something just for fun. You may not be able to escape using a credit card for some unexpected expenses, especially if you’re just starting a new job and haven’t had time to build your savings.

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What Is My Net Worth?

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You may be spending more than you earn and using credit cards to help you cover expenses. A zero net worth is going in the right direction, but you still likely need to reduce your expenses or make more to prepare for the future. Liabilities are debts you owe others, like a loan or a balance on a credit card.