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How to Teach Your Kids About Credit Cards

Success

On the surface, credit cards seem pretty straightforward: You use your card to purchase items and then pay the balance at the end of the month. But as many of us have learned the hard way, using credit can be all too easy, and you can go into debt quickly. Understand how credit works. Understand interest.

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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

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However, important skills like when and how to manage your finances don’t come naturally to many. List out your purchases in an Excel spreadsheet at the end of each month and place each transaction into a bucket. Get detailed and introspective to evaluate which purchases are legitimate needs vs. nonessentials.

Finance 276
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The Biggest Financial Mistakes to Avoid in Your 20s

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Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. But none of these wealth moves are possible without acquiring the right skills first.

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Lessons From Past Recessions

Success

For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items.

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5 Ways To Save Money On Hiring Quality Talent In 2024

Allwork

In fact, Forbes reports that turnover rates are hiking up to 60%. To succeed, it’s time to consider bringing in skilled freelance talent who are available at affordable rates and ready when you need them — like yesterday. This is a common problem throughout many industries. This applies to project-based or even long-term contracts.

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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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That is, I had a resource and was able to use it to lift myself up as well as lift up another woman in my community. Growing up as a millennial, I and many others were taught that gender equality was settled with the 19th Amendment, which gave women the right to vote. Leverage credit to your advantage.

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The Mel Robbins Guide to Screwing Up

Success

In her book, The Up Side of Down: Why Failing Well Is the Key to Success , Megan McArdle explains that we gain skills by practicing things because we’re strengthening the connection between the action and the reward. Ask for a discount before you purchase something. Strike up a conversation with a complete stranger.

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