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Roth IRA vs. 401(k): Which One Should You Start First?
Ready to save for retirement? In your 20s, consider a 401(k) for employer matches and tax benefits or a Roth IRA for tax-free growth. Start with the one that fits your situation best, and if you can, use both! Remember, the earlier you save, the better your future can be!
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Is Moving Back Home a Smart Financial Move?
Moving back home isn’t a fail for Millennials and Gen Z; it’s often a smart money move. With skyrocketing costs, staying with family can help save cash and reset your life. Just keep an eye on independence, family dynamics, and set some goals to make it work. It’s all about having a plan!
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Why Comparing Finances Online Is Hurting Your Wallet (and Mental Health)
Social media skews how we see money, making us feel behind when we really aren’t. People show off only their wins, leading to anxiety and impulse buys. It’s vital to unfollow the toxic accounts, set personal goals, track your progress, and chat with real friends. Remember, you’re on your own financial journey.
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5 Best Automatic Savings Apps to Help You Save Without Thinking About It
Automatic savings apps offer Gen Z a simple way to build savings effortlessly. Top-rated options like Oportun, Chime, Qapital, Acorns, and Rocket Money cater to diverse needs, from passive saving to investing spare change. By automating the process, these tools help users develop better money habits with minimal effort.
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Step By Step Guide to Move Out Without Breaking the Bank
Moving out can feel daunting for young adults with rising rents and low wages, but it’s doable with some planning. Stick to a budget by knowing what you can afford and find ways to save on rent. Consider sharing spaces, thrift furniture, and always know your tenant rights. Independence is within reach!
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Is College Worth It? Exploring Alternatives for Gen Z
Gen Z is questioning the college route due to skyrocketing tuition and debt. While college can be worthwhile for certain careers, trade schools, online certifications, apprenticeships, and community colleges offer affordable, practical alternatives. The essential part is choosing what fits your skills and aspirations without drowning in debt.
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Your Simple Guide to Start Investing Wisely
Investing isn’t just for the rich or pros; anyone can do it! You can start with as little as $5 and grow your wealth over time, thanks to compound interest. Avoid common myths, set clear goals, and diversify. Just stay consistent, and watch your money grow. Ready? Dive in!
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10 Financial Terms You Should Know (Explained Simply with Examples)
Understanding essential financial terms is crucial for Gen Z to manage money effectively. Key concepts include budgeting, interest, APR, credit score, and compound interest, among others. Familiarity with these terms lays a strong foundation for better financial habits, empowering individuals to achieve their goals and navigate financial challenges confidently.
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Budgeting Basics: How to Manage Your Money Without Feeling Deprived
Budgeting doesn’t mean saying goodbye to your favorite treats or fun times; it’s actually about achieving freedom from financial stress. By understanding your income and spending smartly, you can manage your money without feeling deprived. With simple tools and a little intention, budgeting can support your goals and happiness.
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Money and Mental Health: How to Cope with Financial Anxiety
Money isn’t just cash; it’s tied to how we feel. Gen Z faces major financial anxiety from debt, living costs, and social media pressure. Over 70% feel stressed about finances. To manage it, acknowledge your feelings, budget calmly, set small goals, and disconnect from harmful social comparisons. Remember, your worth isn’t just in your bank…
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The Saving Sage 