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7 Short-Term Financial Goals and How to Achieve Them

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Pay off high-interest debt Expected time: 6-12 months How to pay off debt: If you’re dealing with high-interest debt, such as credit card debt, paying it off is a great short-term financial goal. Planning for your purchase involves adding up the total cost of your purchase and dividing it by how long you want to save up for it.

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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. Pay off major debts Expected time: 5+ years Account types: Credit card debt, mortgage, student loans, car loans Getting out of debt is essential to the success of your other long-term financial goals.

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How to Set and Achieve Financial Goals

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Medium-term: These goals will take longer to reach than short-term goals but are still generally achievable in the next one to five years, such as paying off credit card debt or saving for a new car. For example, say you have $500 per month to put toward your goal of paying off $2,000 in credit card debt.

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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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Research shows that people who suffer from high levels of debt stress have health risks ranging from ulcers and migraines to heart attacks. Bureau of Labor Statistics reports that roughly two-thirds of our economy is fueled by consumer spending, much of it in the form of credit card debt. Many purchases are wants, not needs.

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How Employers Can Better Serve Neurodiverse Employees in 2023

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Take time to review how potential candidates learn about your organization and mental health values, as well as the benefits and resources you offer,” he says. She’s like, ‘my autism won’t allow me to do that,’” when the company suggested charging expenses to a credit card to then be paid back for travel.

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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.” Faced with spending decisions , you might ask yourself whether a purchase supports your core values.

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Data Safety First: 3 Tools To Help Secure Your Business Online

Allwork

If you make a purchase through our affiliate links, Allwork.Space may earn a small commission at no extra cost to you.  The platform also incorporates health and safety features — such as visitor health questionnaires — to promote health and wellness in your organization.