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The 70-20-10 Rule for Budgeting
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There are plenty of budgets out there that promise to help you manage your money more efficiently, and some of them can get quite complicated. That’s why many people opt for the 70-20-10 budget rule. It’s a simple, percentage-based formula that can help you get and keep your personal finances in good order. This system […]
6 Strategies for Becoming Debt-Free
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Many people aspire to live a “debt-free” life. And for good reason: Getting out of debt means that your take-home pay is completely your own (since you won’t be sharing any of it with creditors). Having more money to work with can help you achieve your goals, whether it’s building an emergency fund, sending your […]
A Beginner’s Guide to Investing in CDs
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A certificate of deposit (or CD) has many of the same low-risk benefits as a savings account, but a CD holds your money for a fixed time period in exchange for a higher rate of interest than the standard savings account. You may be familiar with CDs as part of your savings strategy (say, keeping […]
A Guide to U.S. Treasury Ladders
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Purchasing U.S. Treasury securities are often considered to be a dependable and less-risky way to increase income and grow wealth over time. Building a Treasury ladder can be a smart move for investors looking for a way to maximize profits while controlling interest rate risk. Investing in a Treasury ladder allows investors to spread out […]
What Is a Treasury Security? Treasury Bonds, Bills, and Notes
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Treasury securities are like the rock-solid foundation of the financial world. In essence, they are IOUs that the U.S. government offers to investors in order to borrow money. There are various types, each with unique characteristics, including Treasury bonds, bills, and notes. Since they are seen as extremely safe investments, those seeking financial stability frequently […]