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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. It’s not free money.

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

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Learn a new skill. Online personal development courses can help you build inner peace and soft skills. Empower yourself to live debt-free by paying down high-interest debts such as credit cards. Improve your credit score. Strive for quality sleep. Try to get seven to eight hours of quality sleep per night.

2024 299
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Lessons From Past Recessions

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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. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? Beef up your emergency fund. Consider your skills and upskill.

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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. Set yourself up for success. Things that build your credit score include having multiple lines of credit, paying off all bills in full and on time, and spending approximately 30% or less of your credit limit each month.

Finance 279
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6 Real-Life Budgeting Tips to Save More Money

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While I’ve been financially frugal my whole life, knowing how to save money is a skill that can be easily taught. Growing up, I had a green tin box where I stashed all of my cushion-hunting treasures. When the occasion calls for it, I’ll splurge, but if it’s catching up with a friend, a great happy hour spot works just fine.

Budget 290
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5 Ways To Save Money On Hiring Quality Talent In 2024

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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.

2024 246