PERSONAL FINANCE

4 Money Lessons We Can Learn From Ebenezer Scrooge

Image source: Getty Images Should you embrace your inner Scrooge this Christmas? Key points There are lessons we can learn from Scrooge, probably the world’s most famous miser. Living within our means and not necessarily buying the latest fashions or smartphones can help us to build wealth. Charitable giving is just as important today as …

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Need a budget plan for 2023? Here’s why people are trying the 50/30/20 method

Divide your monthly pay in half. That number is the amount of money you’ll allocate for needs. Housing, utilities, health insurance, groceries, transportation and prescriptions all count as needs. Some debt is considered a need as well, such as credit card payments or car payments. If you miss payments, your credit score is negatively impacted. …

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How inflation affects Americans’ financial New Year’s resolutions

New years are associated with fresh starts, but many Americans don’t see the pressure on their wallets getting any better in 2023. Even with some recent hints at price relief — like a cooler than expected November inflation report and falling gas prices — a new one. survey shows the gloom that’s settling in for …

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Key things to know about health savings accounts as you near retirement

Ariel Skelley | The Image Bank | Getty ImagesIf you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd.HSAs, which can only be used in conjunction with so-called high-deductible health plans, offer a “triple” tax” benefit: Contributions are made pre-tax, any …

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What We Learned About Our Money in 2022

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this week’s episode, Sean …

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Majority of Americans Don’t Expect Their Finances to Improve Next Year

When it comes to their personal finances, a majority of Americans have a gloomy outlook for 2023. About two-thirds of Americans do not expect their personal finances to improve next year, according to a new report by research firm Bankrate, which surveyed 3,656 US adults last month. The biggest obstacle is inflation, according to the …

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