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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An annuity can be an invaluable tool in planning for retirement. It can supplement savings in a 401(k) or IRA account and offer tax advantages as a retirement tool. But it is crucial that investors first gain a thorough understanding of annuities before investing. No one wan ...
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Money market accounts can be an ideal place to build up an emergency fund or save for something big, but it's essential that you understand both its advantages and disadvantages before using one. Money market accounts typically offer higher interest rates than regular saving ...
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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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Time Value of Money (TVM) is an integral aspect of understanding investment and finance-related decisions, from business evaluations and budget planning decisions, to retirement savings strategies. TVM is designed to demonstrate how the value of one dollar changes over time, ...
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Peer-to-peer lending is an alternative investment that offers potentially competitive returns, yet still carries with it some risk of financial loss. Online lending marketplaces connect creditworthy borrowers to investors willing to fund their loans. Investors purchase "note ...
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No matter your financial goals - saving for something special, paying off debt or making a career change - side hustles can help you meet them more efficiently by helping manage expenses properly and increasing profits. By employing modern banking technology such as open and ...
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An HSA allows you to save and invest for healthcare costs on an tax-advantaged basis.1 They differ significantly from health care flexible spending accounts (FSAs), which offer similar workplace perks but with lower contribution limits and typically require you to use or los ...
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