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6 Steps To Creating A Solid Financial Plan For Yourself
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[QUOTE="Yusra3, post: 282028, member: 31907"] In order to create a solid financial plan for yourself, you'll need to take 6 steps. 1. Make a list of your monthly expenses. This will help you see how much money you have available and where it's going. 2. Determine how much money you want to save each month. The goal here is not necessarily to reach your savings goal, but rather to get on track with it so that it becomes more realistic over time. 3. Create a budget that works with your monthly income goals and allows for some wiggle room if unexpected expenses come up (like medical bills). 4. Try out different ways of paying off your debt, including: auto loans, credit cards, student loans whatever works best for you! 5. Use budgeting software like Mint, YNAB (You Need A Budget), or Personal Capital if you'd like to track your spending in real time and make adjustments as needed throughout the month. 6. Set up automatic payments from your bank account onto savings accounts every month so that there's always money set aside for emergencies without having to think about. [/QUOTE]
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6 Steps To Creating A Solid Financial Plan For Yourself
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