Plan for Retirement

Even though you think it’s a bit early to think about those things, try to save some money for retirement. Think about your future and even ask your employer to help you with a retirement plan. Take control of your financial life and be more responsible!   Are these tips helping? Do you have a…

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Check your insurance coverage

Review your  health, life and property insurance coverage every year. Keep in mind, the least expensive option may not be the best value. Consider term life insurance instead of the more expensive whole life, and be sure to review your beneficiary designations. Group plans tend to be less expensive than individual plans, so explore any coverage…

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Over-extending

Do an honest expense report for yourself.Where are you over-extending? Where are you spending too much? Rent is a common culprit — experts say this should not be more than 20 percent of your income. Moving to a cheaper place is extremely freeing.   Are these tips working for you? Please leave us a comment…

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Make A List

Make a holiday gift list. When you have a list, you’re more focused and tend to buy fewer impulse items.  This can dramatically reduce the amount of money that you spend as you’re out shopping. Are these tips working for you? Please leave us a comment below and be sure to share with your friends!

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Less Is More

Remember less is more — need all those cable channels? Need that gym membership if you only go once a week? Look for cheaper alternatives. How much is a drop in exercise class? Is there a free first pass? Is Hulu a better option? Refer to your report to see where you can cut back.…

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Know Where Your Money Goes

Be aware of how you are spending your money. A $4 cup of coffee five days a week costs you $80/month. Review some of the items you spend your money on to find areas where cutting back can move your savings account forward.    

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Sharing Finances

The decision to share finances depends on where you are in your relationship, as well as your personal preferences. While some couples pool the majority of their money into joint accounts, others opt to keep their accounts separate and split their expenses. Before you decide, research your options. Some routes, such as taking out a…

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The 50/30/20 Method

Put 50 percent toward “needs.” Needs include monthly essentials like rent or mortgage payments, food, utilities, student loans, and credit card minimum payments. Put 30 percent toward “wants.” Wants include new clothing, entertainment, and going out to eat. Put 20 percent toward savings and debt. This bucket includes paying down credit cards, building up savings…

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Plan For Retirement

Take advantage of interest and market upturns by saving for retirement early. Often your employer will help you save for retirement with a 401(k) plan. You can also benefit from pre-tax contributions using this method of retirement savings. What do you think of these tips? Please leave us a comment below and be sure to share…

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Save for Emergencies

A good rule of thumb is to have a minimum of six months of salary available in your savings account. While this goal will take time to achieve, it is important to strive for it so you’re prepared for most unexpected emergencies. Are these tips working for you? Please leave us a comment below and…

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