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7 Short-Term Financial Goals and How to Achieve Them

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What is a short-term financial goal? Since short-term goals are generally completed within a year, you’ll need to make sure you have room in your budget to allocate funds to your goals. 7 short-term financial goals: What to do next What are short-term financial goals you can start planning for today?

Goals 257
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Everything You Need to Know About Emergency Funds

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If you’ve ever had to pull out a credit card to deal with a dentist or emergency vet bill, you likely know the pain of wondering how you’ll pay for an unexpected expense. Having an emergency fund can significantly reduce your money worries. What is an emergency fund? How much should an emergency fund be?

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How to Set and Achieve Financial Goals

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Setting financial goals helps you improve your financial situation, whether you want to pay off debt, buy a home or fund retirement. Saving three months of living expenses in an emergency fund, upgrading to a new computer or planning a vacation are common short-term goals. Allocate these excess funds toward your goals.

Goals 188
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Lessons From Past Recessions

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What is a recession? The stock market will do what it will; you’re better off taking a deep breath and keeping your money where it’s at. Trying to time the market by selling funds before a significant drop is a recipe for problems, and you may miss out on substantial gains as the market rebounds. Don’t panic. Take stock.

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‘Money Boss’ Jo Davison’s 5 Steps for Taking Control of Your Finances

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An emergency fund , for example, should be a separate reserve from your main checking account. She was doing more work running their business than she had done as an associate working for someone else–and the pay wasn’t good enough to compensate for it. One day, “I walked into our office and said, ‘Right, that’s it.

Finance 290
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What Is a Brokerage Account and Do You Need One?

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You’ve fully met your employer’s matching funds in the company 401(k) and have a robust emergency fund —good job. The next step in your financial journey may be to open a brokerage investment account to make the most of your available investing funds. What is a brokerage account? Can’t I just use a savings account?

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Do I Really Need a Budget to Manage My Money?

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After all, how can you know where to make changes if you don’t see what you have coming and going each month? Without knowing what they’ll bring in, developing a plan for anything but the bare necessities can be difficult. Don’t forget to include something, even just a few dollars, to add to your emergency fund and retirement savings.

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