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How to Teach Your Kids About Credit Cards

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On the surface, credit cards seem pretty straightforward: You use your card to purchase items and then pay the balance at the end of the month. But as many of us have learned the hard way, using credit can be all too easy, and you can go into debt quickly. Understand how credit works. Understand how credit works.

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Money Remains a Top Stressor for U.S. Adults—Here Are Some Tips to Better Manage Stress (and Finances)

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Bureau of Labor Statistics reports that roughly two-thirds of our economy is fueled by consumer spending, much of it in the form of credit card debt. One recent survey by the credit card comparison website CardHub observed that consumers added a total of $87.3 It’s a form of gratitude and mindfulness, he says.

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How to Untangle Your Assets and Recover Financially After Divorce

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So the process can be comprehensive, she recommends looking at bank and credit card statements for a period of six to 12 months and deciding if the expense is one partner’s or the other’s or a joint expense. Even though I had a credit score that was over 700, the day my divorce became final, the length of my credit history disappeared.

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8 Pieces of Financial Advice for New College Graduates

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After all, learning how to manage your finances before money mistakes happen can help you avoid easy-to-make slip-ups like dings to your credit score or an overdrawn bank account. If you just traded in your cap and gown for your first taste of real adulting, managing your finances might feel like an overwhelming task.

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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Review your bank and credit card statements Even if you check on your bank accounts daily, pulling your bank and credit card statements can help you understand how the first quarter of the year has gone. Don’t beat yourself up if you had to put a repair or unexpected expense on a credit card.

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Even Processing Credit Cards Can Be Paperless

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However, you don’t have to be drawn into a merchant account for credit card processing that uses paper receipts, a bulky device at the register and paper monthly reports sent to you in the mail. Every aspect of your business finances can be controlled digitally and backed up without fear of losing the information.

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4 Smart Money Moves to Plan for Financial Security

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That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. Trust me: I get it.