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Should I Pay Off Debt or Save for Retirement?
July 15, 2022
Categories: Budget, General, Retirement, Savings
Debt can be a burden and a hindrance to financial success. Eighty percent of Americans have consumer debts, and the average debt is $38,000, excluding mortgages. Paying off debt will help you to improve your credit rating, save you on interest payments, and make you financially secure in the short term. On the other hand, saving for retirement can offer a long-term return on investment that is not guaranteed by paying off debt. The longer you wait to save, the less you may earn. You may need...
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5 Games That Will Help Your Kids Learn About Savings
June 8, 2020
Categories: Budget, Family, Savings
Teaching your kids about saving money can be quite the undertaking. Luckily, there are games and fun ways to help your children engage with this learning process. Check out these 5 games that will help your kids learn more about saving. 1. Monopoly Not only is Monopoly a fun family game, but it’s also a great game to teach kids about money. The game can get lengthy, but it teaches some valuable lessons. Not only do you learn how to save your money, but you also learn...
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The Simple 7: Energy Savings Tips for Winter
January 1, 2020
Don’t let the winter freeze your bank account! Lower temperatures often mean higher bills, but with some simple moves you can keep a cool head about your finances this winter. 1. Open Your Home to Sunshine The winter is often a little more gray and dreary. Take advantage of every sunny day you can. Open up the curtains and let the natural light warm your home. Take a moment to bask in the warmth of the sun and get a good dose of vitamin D while you’re at it. 2. Switch the...
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How To Set Up Your Holiday Budget
November 11, 2019
Categories: Budget, Family, Savings
The holidays set back many Americans into debt every year. Last year, the average incurred per person was around $1,000. It’s never too early to start deciding what your holiday budget will be so that you aren’t fretting over overwhelming debt in the new year. If you haven’t set up a budget before, the holidays are a perfect place to start. 1. Start with what you have. Every budget should begin by calculating what you have. This means having an exact tally on what...
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