Financial Planning / Finances & Savings

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There's a general rule of thumb when establishing an emergency savings fund : the size of your fund should be equal to at least three months' worth of your livi...

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There are several different types of Individual Retirement Accounts which provide tax advantages for retirement savings. IRAs can be invested in virtually any s...

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The first and most important step to effective financial planning is developing and implementing a budget . That, of course, sounds easy and even simplistic. Bu...

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Saving and investing are two unique concepts, and it's important to understand the difference between them and the need for each. Saving, by definition, involve...

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Not every financial decision has to be a large, dramatic affair. In fact, sometimes the small changes are the most effective because they are the most realistic...

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To many parents, saving for their children's' college education can seem so daunting that some just don't do it, banking on the wistful hope that something will...

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If you crave to live the 'good life' but your budget is constantly screaming at you, "Hey! We can only afford 'so-so' living!" that's okay. There are a number o...

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Saving is Essential If you’re living from paycheck to paycheck and are still looking for that magical formula for saving money, let me be the first to tell yo...

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Energy costs, like everything else in the United States, have been rising dramatically, and there seems to be no end in sight. But there is good news. How would...

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The 529 college savings plan (named after the section of the Tax Code that governs it) is an investment account which allows you to set aside money for your chi...

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Everyone has different financial goals in life. Some people want to own their own business; others dream of retiring early. But there is one financial goal that...

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If you have a medical problem, be willing to pay for a second opinion from a reputable physician. It's a sound medical practice and a good investment that could...

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Yes, its true. You do need to have some money in order to save or invest it. And one common excuse which people use is that after everything is paid, theres no ...

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With the cost of higher education today (and with all expectations pointing to prices only rising in the future), it's understandable that parents find themselv...

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It often seems as if saving money is an extraordinarily difficult task, but it isn't. All it really takes is a little ingenuity mixed with a health dose of self...

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Get Out, and Stay Out, of Debt! Being in debt is more than just a financial condition; it has become a way of life. Many people have been in debt for so long th...

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Needless to say, one of the best ways solidify your financial circumstances is to increase the amount of money that you take in. If you're employed, have you un...

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Studies show that, over the past two twenty years, the personal savings rate of U.S. citizens has declined by 10% while the debt-to-income ratio in that same ti...

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Most of us have been brought up in the era and culture of rampant consumerism. We buy not only for need, but to satiate our appetites for the newest, the tastie...

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Many people are under the mistaken impression that estate planning is only for the older generation. But the truth is that everyone needs some form of estate pl...

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