Remove 2022 Remove Expenses Remove Finance Remove Retirement
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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

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However, important skills like when and how to manage your finances don’t come naturally to many. According to a 2022 survey by Deloitte, 36% of millennials and 29% of Gen Z cited “cost of living” as their greatest concern. Lesley Tenaglia, a mortgage agent at both Ultimate Mortgage and Finance Solutions Inc.

Finance 280
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2023 Financial Forecast: How to Prepare for the Year Ahead

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And with a new year approaching quickly, it can be a good opportunity to take stock of what’s happened in the past year—in your personal life, career and with your finances—and think about what changes you’d like to make in the year ahead. As you think about your personal finances heading into 2023, credit card debt should be top of mind.

2023 301
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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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For 2022, freelancers will pay 15.3% Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. in FICA taxes , which contribute to Social Security and Medicare. Every dollar counts.

Filing 272
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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although it might sound tedious, dedicating a little time to checking in on your bank statements, confirming you’re saving enough for retirement and reviewing the financial goals from the beginning of the year can help ensure you are on the right track. Subtract your net income from your net expenses.

Goals 307
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Lessons From Past Recessions

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As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. Beef up your emergency fund.

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Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

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This creep ultimately caused her family to lose the ability to stay on top of their finances. With an expensive California mortgage, car payments and student loans, the emergency fund she and her husband, Sylvester, had dutifully built quickly depleted. Akpan’s not just open with her family about finances. I could do it, too.’

Travel 307
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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

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By 2020, we’d both become full-time entrepreneurs and today, we’re well on track to fully replace our old job salaries by 2022 if not sooner. The general rule of thumb is to have three to six months of your living expenses set aside in a savings account for emergencies. What work do we want to be remembered for?