"When you're single, all financial decisions and obligations fall to you, which can be overwhelming," said Michael Sullivan, a personal financial consultant with Take Charge America, a national nonprofit credit and debt management agency . "But with the right mindset and determination, you can build a financial foundation that sets you up to win with money regardless of your relationship status."
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#MoneyGoals: Before you can win with money, you need to know what you want it to do for you. Get out of debt? Buy a home? Travel the world? Set goals that excite you and keep you motivated to achieve them.
While you're here, how about this:
This week's money tips: Debunking retirement myths and turning your quarantine clutter into cash
Still, many Americans say they took on more debt last year because of the pandemic, according to NerdWallet's household debt survey.
If you are one of them, or if you have other household debt that's been put on hold, you may not want to rush to pay that money back even if you can. The COVID-19 crisis and its economic fallout are far from over, so you'll want to be strategic when dealing with pandemic-related and other debt.
In 2020, the number of Black and Latino certified financial planners in the U.S. grew 12.6% from the previous year — certainly good news. The more sobering statistic from the CFP Board is that there are still only 1,493 Black CFPs today, and they make up less than 2% of all CFP professionals.
Money myths: Credit cards, paying off balances, avoiding interest and saving - ABC7 Chicago
Millennials Now Saving More Money Than Their Parents According to Zip
The differences in the attitudes of millennials toward money and previous generations are widely discussed. But new data shows millennials are better at trying to save than previously thought. Perhaps, even better than their baby boomer parents.
The differing money-related behaviours of millennials compared to their parents have resulted in their ability to save more. By putting their money into savings accounts, exploring investment plans, and choosing smart financial technology services, millennials are setting the foundation for a strong financial future.
While you're here, how about this:
2 No-Brainer Stocks That Could Double Your Money With Zero Effort | The Motley
In the stock market, appearances can be deceiving. Securities that seem to be on an unstoppable upward trajectory can sometimes be rising for all the wrong reasons. However, some companies deliver juicy stock market gains for all the right reasons -- because their businesses look to be on a path to long-term success in an industry ripe for growth.
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Jeff Bezos' decision to step down may turn some investors off; CEO transitions aren't always flawless. But Jassy has proved to be very capable, having led AWS to become the most dominant force in the cloud infrastructure market.
A smart way to spend stimulus money | | wvnews.com
When President Joe Biden asked what critics would have him cut from his COVID relief bill, he got plenty of answers about reducing the $510 billion in aid to state and local governments — including from us.
Now some moderate Senate Democrats are suggesting a middle way: Earmark $50 billion of those funds for broadband investment.
The idea, spearheaded by Sens. Angus King, I-Maine, and Mark Warner, D-Va., is a political crowd-pleaser more likely to attract cross-aisle support than most big spending.
30 essential money habits | Las Vegas Review-Journal
What are you doing every day that can help you grow your bank account? If you can’t answer that question, it’s time to develop some new money habits.
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As much as controlling spending is an essential habits, earning more money can be just as important. Look for ways to increase your income.
In addition to looking for ways to earn money, financially savvy people also look for ways to grow the money they have. That can be as simple as finding a high-yield savings account where you can stash your funds and earn more than you would with a lower interest savings or checking account.
What can you do if you sent money to a stranger by mistake? - Elliott Advocacy
What if you sent $500 to a stranger by mistake and that person refused to give back your money? That’s the shocking situation in which Rossin Asilo recently found herself.
Using the money transfer app Zelle for the first time, Asilo made a simple typo entering her friend’s phone number. That error dropped the cash intended for a memorial donation into the wrong person’s bank account. Unfortunately, that stranger appears to view the transaction as a $500 windfall and will not return the money.
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