6. Treat yourself. - Deepstash
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6. Treat yourself.

6. Treat yourself.

One of the biggest mistakes people make when getting their finances in order is becoming too strict. If we constantly deny ourselves the things we love the most, we will eventually cave into the pressure and make mistakes.

Studies have shown that willpower is a limited resource — you can only resist so many temptations before you will give in.

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3. Invest for the long term.

3. Invest for the long term.

Saving for retirement should be another top priority. When investing long-term, you’ll want to consider putting your money in something other than a standard savings account that has tax benefits. The most popular accounts that can allow your money to grow tax-free until you are older (hint: age ...

103

438 reads

7. Never stop learning.

7. Never stop learning.

The world of finance is complicated, but money is a necessary part of life. You don't have to understand everything, but in order to stay financially secure, you need to keep learning about tools and resources you can take advantage of to make what you have work hard for you.

Take stock of ...

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341 reads

2. Save for the short term.

2. Save for the short term.

Don’t put yourself in a situation where you have to rely on credit for unexpected expenses. One of your top priorities should be building up your emergency savings. As a guide, experts recommend saving at least three to six months’ worth of living expenses.

105

544 reads

1. Make a plan.

1. Make a plan.

Having a financial plan is about more than figuring out how much of your paycheck is left after the bills are paid. Your plan starts with thinking about what you really want to do. What goals do you have? Do you want to travel? Buy a house? Own a business?

Being successful, whatever that me...

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511 reads

4. Use credit wisely.

4. Use credit wisely.

Using credit responsibly is an important part of a sound financial plan because your credit score impacts your ability to make almost any big financial purchases. Be sure to pay your bills on time, every time, and try to keep your balance well below the limit of the card. Pay attention to the rat...

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368 reads

5. Choose a reasonable rent or mortgage payment.

5. Choose a reasonable rent or mortgage payment.

Housing costs are generally the most significant part of everyone's budget, as well as a major emotional investment. The search for the "perfect" home can easily extend your budget beyond what's really comfortable.

When setting a housing budget, be sure to include all fixed costs and consid...

101

280 reads

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I am an intro-extrovert. Love to read books, listening music, thinking of new ideas. I admire the trendy technology.

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