Combating Lifestyle Creep

Combating Lifestyle Creep

What is Lifestyle Creep Lifestyle creep happens when income goes up. Things that once were classified as “luxuries” become “necessities.” While this may be okay to a certain extent, it’s also important to make saving for the future a priority. Otherwise, it may derail debt reduction and retirement plans. Examples of Lifestyle Creep Lifestyle creep can take on many forms. The following are some common examples. Think about your own life. What else might you be able to add…

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How to Prevent Online Splurging and Control Your Money Management

How to Prevent Online Splurging and Control Your Money Management

These are busy times, and online shopping is convenient. You can price match and shop around numerous stores in minutes compared to the time it takes driving around to brick and mortar shops. With that convenience, we often buy without thinking it through. Here are some tips for reining in that impulse spending. Remove Shopping Apps It’s so easy to grab your phone when you’re bored and start shopping for things you don’t need. You’re better than that! There…

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Mastering Your Budget: Balancing Needs and Wants for Financial Freedom

Mastering Your Budget: Balancing Needs and Wants for Financial Freedom

Navigating the complexities of personal finance begins with a fundamental skill: distinguishing between your needs and wants. This understanding is not just about categorization; it's the cornerstone of achieving financial freedom. We delve into practical strategies for managing these two critical aspects of your budget, helping you pave the way toward a financially secure future. Disclosure: This post may contain affiliate links, which means we may receive a commission if you click a link and purchase something we have…

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5 Things You Can Do to Improve Your Credit Score

5 Things You Can Do to Improve Your Credit Score

As you know, your credit score determines your access to loans for things like cars, homes, and education. Anyone with a score of 800 or higher (20% of consumers) are considered to have excellent credit, while a score between 580-669 is deemed to be fair/poor (18% of consumers) and also called subprime. Scores at 740-799 (25% of consumers) are considered very good and are likely to receive better than average rates from lenders, but don’t worry if you’re not…

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Take Control of Your Financial Future

Take Control of Your Financial Future

What are some effective strategies for investing my income? How can I maximize the benefits from my Social Security as I approach retirement? What targets should I set to reach my objectives? Hiring a Daily Money Manager can provide solutions to these questions and streamline the handling of your finances. Continue reading to discover the advantages of enlisting the services of a Daily Money Manager!  It's never too late to start If you have yet to be as diligent…

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