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4 Things Every Gen Zer Should Know About Retirement

Financial Planners Share Their Clients Top Passive Income Sources

Financial Planners Share Their Clients Top Passive Income Sources
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Many Americans Will Get $1,200 Stimulus Checks—Here s the Best Way to Use It Depending on Your Financial Situation

You re out of work or have reduced hours If you don t have a consistent income coming in right now, you should first use this check to cover essential bills and any debt obligations, says Westlin. Essentials include things like food, housing, utilities and insurance. As for debt, such as a credit card balance or car payment, it s important to pay at least the minimum on your balance. Otherwise, you may owe fees and extra interest, and your credit score could be negatively impacted. If you have money left over after covering your necessities and minimum payments, start chipping away at the rest of your debts, especially anything with a high interest rate. Ideally, you want to make payments in full every month to avoid being in debt longer and racking up additional interest.

Avoid these 5 common mistakes to keep your financial goals on track

Avoid these 5 common mistakes to keep your financial goals on track Bankrate 12/18/2020 © MoMo Productions/Getty Images Man (early 30s) working in home office A new year is the perfect time for resetting and dreaming up new intentions, including money goals. Popular Searches While we may have a vague idea or two of what we want to achieve with our finances, it s easy to take a wrong turn, making accomplishing our goals even more out of reach. Watch out for these widespread financial mistakes in 2021 by taking these steps instead based on advice from certified financial planners, or CFPs. 1. Setting too many goals

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