Shopping to ease emotional distress can have serious repercussions, including debt and stress. Instead, Woolley suggests looking into alternative forms of coping that don't involve shopping. This may involve freezing your credit card, uninstalling shopping apps from your pho ...
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Understanding your risk tolerance is an integral component of creating a financial plan and investing portfolio. Your risk tolerance determines the mix of assets you choose based on how easily and willingly you can withstand uncertainty. Your risk tolerance will likely evolv ...
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Seasonal work often comes with unique expenses, including heating bills and winter clothing purchases. These costs can quickly add up during the cold months and make budgeting for them challenging. Divide your annual earnings by 12 to get an approximate monthly amount that c ...
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Budgeting can help keep your financial goals on track and help to safeguard against lifestyle inflation; instead, focus on protecting your future by setting aside savings for unexpected emergencies and building an emergency fund. Increased spending to match an increase in in ...
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Beauty and personal care expenses are an area where careful budgeting and expert knowledge can help stretch your dollars further. Consider investing in multi-functional items that serve multiple functions to reduce both your routine and costs. 1. Look for lower-cost dupes If ...
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Secured credit cards can help individuals either start building credit from scratch, or rebuild it after experiencing difficulty doing so. Most card companies allow consumers to graduate back into an unsecured credit card once they demonstrate they can manage the account res ...
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Estate planning is the process of organizing how you want your assets managed and distributed, to protect your loved ones from legal hassles while fulfilling your wishes and saving on taxes! Estate planning may even save money for yourself! But the legalese can be daunting; ...
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Keep Up With the Joneses is a harmful philosophy, leading to debt, unhealthy competition and dissatisfaction with life. To avoid falling into its trap of keeping up with the Joneses it's essential that you focus on your goals rather than buying out of peer pressure. 1. Stop ...
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Prepaid cards offer an easy, secure alternative to credit cards. Cardholders are limited to spending only what has been loaded onto their prepaid card, making it simpler and safer to avoid overspending. If you're thinking about investing in a prepaid debit card, make sure th ...
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Hobbies and leisure activities can bring much enjoyment into our lives. However, excessive spending on them could divert attention away from achieving financial goals. Crafting a budget for hobbies and leisure activities can help protect against costly impulse purchases whil ...
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