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These 6 Habits Will Help You Reach Financial Freedom

Achieving financial freedom is a goal for most people, but too many people don’t achieve. The following are ten key habits that help pave the way. 1. Set Life Goals A general desire for “financial freedom” is too vague of a goal. What does it mean to you? Write down how much you should have in your bank account, what ...

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5 Things You Didn’t Know You Can Recycle For Money

Recycling is great for the planet, saves resources and basically helps clean up our world. Many of us know that we can recycle things like plastic, paper, glass bottles and metals. However, there are many other items that you probably didn’t know could be turned in for cash or a tax deduction. Here’s a list of a few of them. Trash ...

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6 Reasons Why You Need a Budget

If you’ve heard it once, you’ve heard it a thousand times: BUDGET YOUR MONEY! Financial experts and money advisors have been shouting this mantra from the mountaintops for years. By now, you’re probably sick of hearing the “b” word. Too bad. This is just one of those financial lessons that cannot be preached enough. Especially in the current turbulent economy, budgeting is ...

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The 7 Best Places to Put Your Savings

Money that is considered savings is often put into a low risk, interest-earning account, rather than into higher risk investments. Although there is opportunity for larger returns with certain investments, the idea behind savings is to allow the money to grow slowly with little or no associated risk. The advent of online banking has increased the variety and accessibility of savings accounts and ...

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6 Tips To Break The Pay-To-Pay Cycle

Did you know that the majority of North Americans live paycheque-to-paycheque? According to the Canadian Payroll Association, 60 percent of Canadians live the pay-to-pay cycle and cannot put money away for their retirement. 1. Be Wallet-Aware Wallet-awareness is the first step to gaining control over your finances. Calculate your “set” monthly expenses, including rent, mortgage payments, transportation, bills, debts and ...

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The 10 Commandments of Getting Out of Credit Card Debt

Struggling to control credit card debt? Don’t despair—and certainly don’t delay! Check out these pointers to get out of your dollar difficulties. 1. Pay Down the Expensive Debt First First pay down the high-interest-rate debt, even if it’s the least amount of money you owe. If you must, just pay the minimum on the home equity loan while you aggressively ...

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4 ways to get out of credit card debt

Carrying a credit card balance month to month can cost you. The interest adds up over time, and any purchases you made with your card end up being way more expensive than what you paid for them. Consider this hypothetical example. You buy a $2,000 flat-screen TV on a credit card with a 15% interest rate. If you make only ...

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6 Money Moves That Seem Smart

Have you ever tried to “time” the stock market? Did you buy a home before you were really ready, because home-ownership is a good investment? Do you keep a balance on your credit card to improve your credit score? These are all common money moves, and if you made any of them, you may have thought you were following tried-and-true personal ...

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