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You want to take more control over your money. We have the top financial wellness tips. These personal finance tips can help you reach all your money goals.
l expenses – even if you have health insurance – can be steep. However, if your policy has a high deductible, you may be able to use a Health Savings Account (HSA) to pay for some very common (and often pricey) out-of-pocket medical expenses at a tax advantage.
The 2×2 System is where you set aside two hours on the calendar two times a month to complete a predetermined financial task. This modest but consistent effort can help you sustain financial health and build wealth in bite-sized chunks.
nterest rates are always a hot topic, whether the go up or down. As of this writing, the Federal Reserve has raised interest rates four times in 2023 in its effort to curb inflation. While there’s much debate on whether this is a smart move, there’s little doubt that an increase in interest rates for home and auto loans and credit cards makes it more challenging for consumers. But there is a silver lining: increased interest rates mean increased rates for CDs and Certificates.
Medical expenses, even if you have health insurance, can be steep. However, if your policy has a high deductible, you may be able to use a Health Savings Account to pay for some very common (and often pricey) out of pocket medical expenses at a tax advantage.
With so many moving parts in personal finance, it can be tough to know where you stand. By calculating your net worth at least once a year, you can get a snapshot of your progress and better identify areas that might need some work.
your spending limits now and top up savings for gifts, activities, and travel. Calculate how much you’ll need for each category and divide by how many months you have left. Then have that amount deposited automatically into the respective accounts.
Session 1a: Set Up Auto-pay And Get Credit Scores
When you tracked your expenses back in February, did you remember everything, or have forgotten bills that popped up since then? Add these stragglers to your spending and savings plan, and then use that section of your budget as a checklist for automating your bills to ensure you never miss a payment.
