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4 Money Lessons Every Teenager Needs to Know

Article by Katherine Vasel | Found on CNN

It’s time to talk to your teenager about money.

The teen years may be the first time kids start to earn their own money. And establishing good habits now can pay dividends well into their future.

Plus, teaching kids to be smart about money will have benefits for parents too.

“Clients that have been more transparent with their kids tend to have children that are smarter with money,’ said Bill Van Sant, a certified financial planner and senior vice president at Univest Wealth Management. “Parents that may not be as transparent tend to have children that stay in the house a little longer.” Read more

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Is Your Credit Score Affecting Your Quality of Life?

Article by Anna Johansson | Found on NBC

The American dream is usually characterized as working hard from the bottom up, making a good salary, buying a house and having time to create and enjoy your family life. But the vision doesn’t always come together so neatly; despite strong buyer demand, the inventory of affordable, available starter homes is relatively low, and to secure a mortgage, you need a strong credit score — something that not all Americans have or understand. Read more

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3 Tips to Getting Retirement Right in Your 20s

Article by Walter Updegrave | Found on CNN

I’m in my 20s and would like to start taking steps to ensure a secure retirement and financial future. But like many people in my generation I’m confused about where to start, who to contact and what to do. Can you point me in the right direction? –S.V.

I’m not surprised that you’re confused. Now that your generation has become a prime target audience for the financial industry’s products and services, hardly a day goes by that one study or another doesn’t purport to offer insights into what Millennials are doing, should be doing or shouldn’t be doing about their finances. Read more

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Improving Your Relationship With Money In 2018

Article by Michael F. Kay | Found on Forbes

The turning of the calendar year is traditionally a time when you feel inspired by the possibilities of a new start, a new beginning, and the onset of positive change. It can be a time that is empowering, energetic and life supporting; it can forever alter the trajectory towards a more successful money life. Read more

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There’s a Real Difference Between a Personal and Business Credit Card

Article by Jared Hecht | Found on Entrepreneur

If you’re a business owner, there are dozens of reasons to have a credit card. For one thing, they are a great way to keep track of all your business expenses in one place. They also offer opportunities to earn points or rewards on purchases you would make anyway. Not to mention, they can be an excellent option for financing your business, especially if you are in the startup phase and can’t yet qualify for a small business loan. Read more

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5 Money Mistakes to Avoid in the New Year

Article by Anna Bahney | Found on CNN

We’ve got a much easier approach.

Just stop doing these five financial things and you’ll have more savings, smarter spending habits and a secure identity in the next year. Read more

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How Can I Invest With Just a Little Bit of Money?

Article by Nathaniel Meyersohn | Found on CNN

The stock market is red hot: The Dow hit a record 23,000 points in October and it’s up 18% so far this year.

So you’re not the only one who wants in on the action: More than half of Americans own stock.

As long as you’ve already got enough emergency savings, investing a little extra cash in the market is a great way to start growing your money.

“No amount is too small to get started,” says LJPR Financial Advisors CEO Leon LaBrecque. “Spare change can really add up.”

Starting out when you’re young is even more valuable because there’s more time for your investments to grow. Read more

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How Should I Invest My Inheritance Money?

Article Written by Katie Lobosco | Found on CNN

What are the best ways for 20-somethings to invest inheritance money? — Jason

Staring at a new big balance in your bank account can be exciting. It can also freak you out.

On one hand, an inheritance could open up new financial opportunities: paying off your student debt once and for all, buying a home, going on a big vacation, starting a business.

You’re not alone if your first inclination is to buy a boat, throw a lavish party, or put it all into the stock market. People often don’t treat the money received through some kind of windfall the same way they do their regular income. Read more

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Half of Americans are Saving Next to Nothing

Article by Kathryn Vasel | Found on CNN

When it comes to saving, we aren’t doing enough of it.

Roughly half of Americans are saving 5% or less of their incomes, including 18% that are not saving anything, according to a survey from Bankrate. Only about a quarter of people are saving more than 10% of their earnings. Read more

8 Financial Tips For Young Adults

8 Financial Tips For Young Adults

By Amy Fontinelle | Featured on Investopedia

Unfortunately, personal finance has not yet become a required subject in high school or college, so you might be fairly clueless about how to manage your money when you’re out in the real world for the first time.

Read more