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7 Short-Term Financial Goals and How to Achieve Them

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Start with rebalancing your budget Your first step in setting a realistic goal is to review and rebalance your budget. Rebalancing your budget is the process of reviewing your finances to make space for money goals. Then, go over your existing income and expenses. Do you have room in your budget to save for your goals?

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5 Long-Term Financial Goals and How to Achieve Them

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The timeline of a long-term goal generally isn’t strict, giving you plenty of time to review and adjust your goals as you go. Opening a college savings fund for your child when they’re young can help you save for their future college expenses. Long-term goals can be especially difficult because your needs can change over time.

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How to Set and Achieve Financial Goals

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Saving three months of living expenses in an emergency fund, upgrading to a new computer or planning a vacation are common short-term goals. To set your new budget , add up your monthly income and monthly expenses. Subtract your expenses from your income, which gives you the extra money you have each month to put toward your goals.

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How to Choose the Best College Savings Account

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Many people choose to supplement college savings using a Roth IRA because your child can use that money for non-education-related expenses and anything leftover can give them a headstart on their own retirement planning. In that case, your credits may not offer the same value on tuition expenses. Weigh the tax benefits.

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Lessons From Past Recessions

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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. As part of your financial plan, consider the following: Review your finances. checking accounts, your emergency fund, or other savings accounts)?

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Business Travel Is Back: How to Maximize Your Miles

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The right credit card for your business travel needs will depend on several factors, including the size and maturity of your business, your expense levels and your credit profile. One of the first questions to answer is whether it makes more sense for you to use a personal or business card to pay for travel and other expenses.

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7 Ways to Save Money on Groceries without Clipping Coupons

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Why are groceries so expensive right now? Review the unit price. Review the unit price of each item instead of just the retail price posted on the shelf sticker. Retailers often put the most expensive items at eye level, making them easier to grab. Keep reading for ways to help you make the most of your budget.

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