Tag: Personal Financial Planning
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Hierarchy of Savings
With financial planning, as with many things, you want to get the biggest ‘bang for your buck’! So, the idea behind the hierarchy of savings is that, at any point in time, you may not have enough ‘extra’ money after covering your monthly expenses to touch on all the possible savings avenues, so which should… Read more
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Where is your money going?
When most people hear the word budget, they cringe. Preparing and following a budget can be difficult, so oftentimes people put it off or skip it altogether. There are many different budgeting methods. I’ve heard of the 50/30/20 method, the envelope method, the zero-based budget, the pay-yourself-first budget… and many more. It doesn’t matter what… Read more
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Personal Financial Planning… Your Roadmap to Financial Independence
If you were going on a road trip to somewhere you’d never been before, would you hop in the car and start driving in that general direction? Would you figure you’d make a plan when you got closer to your final destination? Would you just hope you would make it there eventually? Probably not. You’d… Read more