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How many retirement accounts do you have? If you've changed jobs a few times over the years, you could have several accounts housed in different employers' plans.
It's important to get into good savings habits even if you don't have a lot to save. If you get into the habit of depositing part of your money into savings regularly, you will be on your way to developing good lifelong savings habits. Often, people call this "pay yourself first." This means to deposit money into your savings account before spending it on something else.
A budget is a listing of your income and expenses with the goal of making your total income be equal to or greater than your total expenses.
Anyone who currently has or has had credit cards or loans has a credit history with Credit Reporting Agencies. These agencies provide credit reports upon request. A credit report contains information about where the person works and lives and how they pay their bills. It also may show whether they have been sued or arrested or have filed for bankruptcy. Businesses use this information to evaluate applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA).
Earning interest on your money is a great way to watch your savings grow! Have you ever wondered how long it would take for you to double your savings? The Rule of 72 says that to find the number of years required to double your money at a given interest rate, you divide the interest rate into 72.
It may seem strange to think about saving for a college education when your child is very young, but there are two things you should consider:
Learn the difference between an ATM card and a debit card.
A lot of people worry about their credit and many financial experts devote much of their time to encouraging people to think about it. So what is it about this thing called credit that’s so important?