Tag: personal finance
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How to Choose Between a Checking and Savings Account
I have some strong opinions on bank accounts. When I was a young 19 year old with $50 in my checking account, I would be charged $15 every month for the “priviledge” letting a bank hold my money. Needless to say, I would be known as overdraft boy until I got a full time job.…
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How to Read and Understand Your Bank Statements
Introduction Bank statements are essential documents that provide a detailed record of all financial transactions within your bank account over a specific period, typically a month. Understanding your bank statement is crucial for effective financial management, budgeting, and identifying potential issues like unauthorized transactions or errors. Key Components of a Bank Statement A typical bank…
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How to Set and Achieve Your Financial Goals
Introduction Setting financial goals is an essential part of achieving financial success. However, many people make the mistake of setting goals that are too vague or too far in the future. This can make it difficult to stay motivated and on track. The best way to set financial goals is to break them down into…
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How to Create an Emergency Fund
Introduction An emergency fund is a crucial component of financial stability. It provides a safety net to help you weather unexpected expenses, such as medical bills, car repairs, or job loss. A well-funded emergency fund can offer peace of mind and prevent you from going into debt during difficult times. In this blog post, we’ll…