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A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If you have a spouse working for a company, you might be able to join their plan.
Americans increasingly pulled out their creditcards to pay for a whole slew of more-expensive goods and services, which resulted in the biggest surge in creditcard debt in more than 20 years. As you think about your personal finances heading into 2023, creditcard debt should be top of mind.
They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.
There is an escape from the Money Panic, and it doesn’t involve selling off retirement investments or increasing your creditcard limit. This article originally appeared in the September/October 2021 issue of SUCCESS magazine. Secure a “consulting” gig. You need a consulting gig that will help cover monthly bills.
It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. The same study from Debt.com found that one in three creditcard holders in the U.S. have maxed out their creditcards to cover expenses due to inflation. While the average age in the U.S.
started making clever money literacy videos during COVID-19’s delta wave in 2021. Before the Equal Credit Opportunity Act was signed into law in 1974, women could not open a creditcard in their own name. “I Also, a retirement contribution will reduce your taxable income for the year. Jessica Spangler , Pharm.
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