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5 Financial Basics Everyone Should Know

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But the concepts that can really make a difference to your long-term goals, like budgeting and saving for the future, can get ignored in favor of more exciting ideas like playing the stock market or the latest viral TikTok trend. Paying off debt Paying off credit cards or other debt can feel like rolling a boulder up a hill.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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Back in June, scientists reported that Earth had its shortest day since the 1960s, making its full axis turn milliseconds faster than expected. Americans increasingly pulled out their credit cards to pay for a whole slew of more-expensive goods and services, which resulted in the biggest surge in credit card debt in more than 20 years.

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7 Apps to Teach Kids About Money

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A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less. RoosterMoney is primarily an allowance app for kids, but it’s particularly handy for teaching kids about saving for short-term and long-term goals.

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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 the journal Applied Economics reports, “individualized cultural values measures do indeed explain part of the financial behavior of households.” Or, if that’s too much, imagine the speech a colleague might give upon your retirement.

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Stacey Abrams’ New Co-Authored Book Details the Struggles Black Entrepreneurs Still Face and Why Business Partnership Differences Can Be Your Superpower

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For this reason, many Black business owners cannot access loans from traditional lending institutions and often turn to credit cards, their own savings or nonprofit community lenders. They dip into retirement savings, run up credit card debt or ramp up slowly while juggling day jobs.

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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. If you are paying back credit card debt, your minimum monthly payment should go in this category. Understand and build your credit score.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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It all started with a goal. In the two years since accomplishing that goal, I have gone on to start a multi-seven figure business; attracted a social media audience of more than 3 million; hosted the No. I wanted to save $100,000 by age 25. What does it mean to pursue financial feminism? One of my favorite tools is the “Money Date.”