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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. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

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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. Don’t try to overload yourself with lots of goals right away.

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

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Commit to a regular workout routine such as yoga or running to improve your health and feel great. Calculate your monthly income, track your spending, determine your goals and priorities and develop a plan to manage your expenses. Save more for retirement. Increase contributions to retirement accounts such as your 401(k) or IRA.

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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. An emergency fund is a safety net of money for unexpected expenses. Having an emergency fund can significantly reduce your money worries.

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What Is My Net Worth?

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A positive net worth is a sign of financial health; the higher your number, the better you’re doing. You may be spending more than you earn and using credit cards to help you cover expenses. Spend some time brainstorming ways to cut expenses and earn more, but also be patient with yourself. What are my liabilities?

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. As with benefits focused on mental health, interest in financial wellness has increased since the onset of the pandemic, he adds.