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Category Archives for Money Management

personal savings rate

1 Magic Number to Help You Reach Retirement: Personal Savings Rate

As a whole American’s have been saving less and less. Back in the 1980’s our savings rate was in the double digits, but each passing year it went lower and lower.  In October or 2001 it was a measly

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how to balance your checkbook

How to Balance Your Checkbook

  Writing checks has gone out of style. Yet one thing you still need to do is balance your checkbook.   Balancing your checkbook means that you have recorded all your transactions. Plus that what

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Pick the Right Debt Payoff Plan for You: Snowball vs Stacking

So you are sitting looking at a stack of debt.  You wish you could close your eyes and it would all go away.  Unfortunately for it to go away you have to have a plan to pay it off and then follow the

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Three Steps to the Right Financial Plan for You

Often times I am asked “what is the best financial plan?”  I always struggle with a basic answer because I firmly believe that every person’s ideal financial plan is different.  We all have different

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lump sum of money

3 Steps to Figuring Out What to Do With a Lump Sum of Money

Receiving a lump sum of money can be both exhilarating and scary all at the same time. You know you have a big opportunity to make the money matter.  Yet you are fearful that you will make a mistake in

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What is Net Worth and How to Use It

Net worth is what money you have left after you subtract your liabilities from your assets.  Assets are any item that you could sell and get cash for.  This includes everything from stocks and bonds,

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where to put emergency funds

Where to Safely Keep Your Emergency Fund [Includes Comparison Cheat Sheet]

You know you need an emergency fund, and that it should be held someplace safe. But the options of where to hold those emergency funds can be a bit confusing. There are so many accounts that it is not

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how to start learning about investing

Learn to Invest in 4 Easy Steps [First 2 May Surprise You]

When you are new to investing everything can seem overwhelming.  There is an entire language dedicated to just investing. Just looking at stocks you immediately see terms like domestic stock, large cap

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