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You’ve Got Some Money to Save Each Month. Now What?

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There’s almost no better feeling than calculating your savings at the end of the month and seeing that you’ve got a lot to put away. It’s such a positive force and makes you feel even more empowered to save for the future. So when I saw a question on Quora about how to use savings […]

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5 Tips For Establishing Healthy Saving Habits

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Your saving habits are going to be with you for your entire life. They’ll determine how comfortably you’re able to live, and can have a heavy hand in the amount of financial stress you’ll be feeling on a daily basis. Building good saving habits is best started when you’re young, but it’s never too late […]

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The Good News? If You Have a 401(k), You’re Doing Great

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The research earlier this year that nearly 7 out of 10 Americans have less than $1,000 in savings is scary. It’s legitimately frightening, as they have no place to turn to when unexpected expenses pop up (which always will). While it’s crucial that those who don’t have savings begin to, there is some good news […]

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Millennials, Money, and Social Media

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When I was writing the post about how few people have $1,000 in their savings, I was struck by an observation about millennials: that their financial situation is influenced by what they see and experience on social media. It’s not like it’s an odd correlation; keeping up with the joneses has been an expression since […]

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The Mortgage Payment Trick That’s Going to Save Me $40,000

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We bought our second house last year, selling our townhouse in the process. As much as I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren’t likely to clear much profit even if we were able to rent it. The new house has a whole story to […]

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How We Saved Enough Money for a Down Payment on a House

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We’ve owned our house for nearly 6 years now, which is pretty unbelievable. It doesn’t sound like an incredibly long time, but over the course of those six years, a lot has happened. Our daughter was born just a few months before we moved into the house, so it was a pretty crazy time in […]

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Are You Getting the Best Rates Possible?

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One of the best things about the explosion of online financial services and advice is the ability to do plenty of research before making a decision. It used to be that you stuck with one bank for your daily money management, mortgage, savings and investment accounts — but there’s almost no reason to do that […]

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How to Save on Child Care Expenses with Tax Credits

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This guest post comes from Stephanie Breedlove, the VP of Care.com Homepay. Finding a qualified, trustworthy caregiver is the most important decision you have to make when hiring someone to watch your kids. But a close second is making sure all tax and payroll requirements are followed so you’re free from financial and legal risk. While many […]

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Day 11: Open Long-Term/Retirement Accounts

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Today’s post may be one of the most important chapters in the entire book. It’s a perfect example of the mentality that, if you just get it done, you will be set for the future. We all love a little bit of procrastination, but given that saving for retirement is all about maximizing your time, […]

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Day 10: Automate Your Short-Term Savings

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OK, there’s not actually any robots involved in today’s post, but the image above was too good to pass up. Now that we’ve got your accounts open, it’s time to put the system in place to automate your success. The beautiful part about this is that once you set it, you can essentially forget it. […]

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Day 9: Open Your Online Savings Accounts

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I know I’ve written about it before, but the day I opened my first online savings account literally changed the way I manage money. It was back in the good old high-interest days of the mid-2000s, when you could find an account paying 5% or 6% in interest. I remember putting money into the account, […]

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Day 8: Establish Your Savings Goals

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So at this point, if you’ve been following along, you’ve basically gotten a big picture look at your financial situation. You know what you’re bringing in, how much you’ve been spending and what you’ve been spending it on. But now it’s time to focus on what you’re keeping — your savings goals. I have to […]

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Why You Need An Emergency Fund

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It’s often said that trouble comes in threes. This past weekend, I narrowly avoided not one, but three expensive bills. On Friday, the washing machine broke down; it wouldn’t drain, leaving the drum and the laundry full of water. Fortunately, I was able to open it up and disconnect the pump from the hoses. Inside, […]

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