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5 Long-Term Financial Goals and How to Achieve Them

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Your long-term goals are an important aspect of your financial health. These goals provide motivation, direction and discipline when managing your finances. When you have debt, especially high-interest debt like credit card balances, you lose a portion of your income that could otherwise go toward savings goals like retirement.

Goals 288
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What Is My Net Worth?

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Many people focus on one or two areas of their finances but don’t stop to look at the big picture and confirm that they’re moving in the right direction overall. A positive net worth is a sign of financial health; the higher your number, the better you’re doing. If you have a zero or negative net worth, don’t panic.

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7 Short-Term Financial Goals and How to Achieve Them

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Rebalancing your budget is the process of reviewing your finances to make space for money goals. Then, go over your existing income and expenses. If not, you’ll need to adjust your budget by reducing expenses or increasing your income, so you have excess money each month to set aside.

Goals 278
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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Often, these fall into categories of personal well-being, relationships and finance. Commit to a regular workout routine such as yoga or running to improve your health and feel great. New Year’s resolution ideas to improve personal finance Create a monthly budget. Improve your credit score. Exercise daily. Reduce debt.

2024 299
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Money Remains a Top Stressor for U.S. Adults—Here Are Some Tips to Better Manage Stress (and Finances)

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“I would lie there and catalog the things I had bought over the years that now made absolutely no sense to me: that luxury car lease, that tech gadget, that suit, that watch, that ridiculously expensive bottle of wine.” (And One recent survey by the credit card comparison website CardHub observed that consumers added a total of $87.3

Stress 264
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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. Dive into a digital finance manager, excel sheets, worksheets and a homemade bill binder. Check out your expenses from last month and then categorize each transaction.

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Lessons From Past Recessions

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Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? Beef up your emergency fund.