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The Biggest Financial Mistakes to Avoid in Your 20s

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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. However, they should only pour money into paying off student loan debt if it’s causing emotional or psychological stress. “If However, beyond that, your money might be wisely spent elsewhere.

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4 Smart Money Moves to Plan for Financial Security

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Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. But running away from the stress of planning for your finances only causes that stress to pile up and keeps your financial situation something you’re not proud to talk to your parents or friends about. Trust me: I get it.

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8 Pieces of Financial Advice for New College Graduates

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College graduation is exciting and stressful as you look for a job and start work in your chosen field. You may need to create rules for yourself, like that a percentage of your paycheck needs to go toward retirement savings before you can buy something just for fun. It’s like stealing from yourself now to pay for purchases later.

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‘Money Boss’ Jo Davison’s 5 Steps for Taking Control of Your Finances

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So, don’t get stressed about that,’” she says. This method has worked for her for years and takes the stress out of large or unexpected expenses. Maybe you’re saving to start your own business or you want a house down payment, retirement fund, college fund, or you’re itching to get debt-free.

Finance 290
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Start Talking to Your Kids About Investing—Here’s Where to Start

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Learning to invest is intimidating for many adults, so the idea of teaching kids about investing can be a source of stress for many families. Discuss some big purchases you want to make as a family and how you’re budgeting for them. If you plan to make a charitable donation , give your children input on which organization to support.

Finance 246
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The Biggest Financial Mistakes to Avoid in Your 20s

Success

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. However, they should only pour money into paying off student loan debt if it’s causing emotional or psychological stress. “If However, beyond that, your money might be wisely spent elsewhere.

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A Single Mother Struggling to Budget Weighs the Balance Between Just Surviving and Really Living

Success

Right after the workshop, I purchased Egyptian cotton sheets and a duvet cover. And fantasy, I’ve learned, is important, especially when your default setting is a fiscally stressful reality and “hobbies” that include devouring articles on finance, budgeting, inflation and retirement.

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