Category: Financial Literacy
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Budget 101 Part 3: Setting SMART Financial Goals for a Prosperous Future
In a world driven by consumerism, securing a sound financial future seems elusive. Learn how to set SMART financial goals and transform your financial journey. Read more
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Budget 101 Part 4: Budget Creation
The 50/30/20 rule is a widely adopted approach to budgeting based on percentage allocations. This rule suggests dividing your income into three distinct categories: 50% for essential needs, 30% for discretionary wants, and 20% for savings. Welcome back to our 10-part series on mastering your finances! In the previous installment, we explored the art of… Read more
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Budget 101 Part 5: Analyzing your expenses
It’s time to take control of your finances. Track expenses, differentiate needs and wants, negotiate subscriptions, and save money with practical tips for a prosperous future. Read more
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Budget 101: The Rainy Day Fund
As per a report from Bankrate.com, a staggering 57% of Americans do not have enough financial resources to cover a $1,000 emergency expense. Starting a family brings joy and fulfillment, but it also comes with financial responsibilities. From everyday expenses to long term goals like college education and retirement, parents need to make smart financial… Read more
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Budget 101 Part 7: Managing debt and increasing your credit score
“You get a car, you get a car, you get a car. Everyone gets a car.” Ah, if only we were in the audience that day on the Oprah show. But reality is, cars and houses aren’t free. Even worse, your credit can make attaining these things more difficult and cost you more in the… Read more
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Budget 101 Part 8: Managing Variable and Irregular Income
Hello there, Welcome back to Budget 101! In this edition, we’ll be discussing strategies for managing variable and irregular income. Whether you’re a freelancer, self-employed, or have a job with fluctuating income streams, these budgeting techniques will help you build stability and flexibility into your financial plan. 1. Track your income Start by tracking your… Read more
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Budget 101 Part 9: Overcoming Budgeting Challenges and Staying Motivated
Budgeting is crucial for financial stability, facing challenges such as unexpected expenses and overspending. Stay motivated by visualizing goals and seeking inspiration. Read more
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Budget 101 Part 10: Securing your legacy.
This final installment covers long-term financial planning, focusing on retirement and estate planning. It offers insights on options for retirement savings and estate management strategies. Read more
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Budgeting 101 Part 2: Assessing Your Financial Health
Nearly 60% of Americans don’t assess their financial health regularly. Part 2 of Budgeting 101 explores assessing financial health, gathering documents, evaluating income, expenses, and debt. Read more
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Budgeting 101: Your Guide to Financial Success
Welcome to Budgeting 101! Join us on a financial journey through budgeting basics to advanced techniques. Learn to take control of your financial future. Read more