This post originally appeared on yourmoneyfurther.com. Money plays a crucial role in our lives, influencing our choices, opportunities, and overall well-being. Yet, many of us find ourselves trapped in bad money habits that hinder our financial growth. It’s time to break free from these destructive patterns and pave the way for a more secure and prosperous future. In this blog post, we’ll explore some common bad money habits and discuss strategies to overcome them. Living Beyond Your Means One of…
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America Saves Week 2024: Saving At Any Age
Spending/Saving
Talking about money has been considered taboo for too long, but this mindset could be doing us a disservice. After all, it’s not what you say but how you say it. You’ve gained valuable insights this week, and the next step is to share those learnings and check-in with your loved ones. On the fifth and final day of America Saves Week, we encourage you to: Talk to family members, whether it be your own kids to older generations, about…
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America Saves Week 2024: Paying Down Debt IS Saving
Spending/Saving
Just like having a plan for saving is important, so is having a plan to pay down your debt. Recent reports show that individuals have increased their usage of credit cards due to the ongoing inflation and rising costs of our basic needs like housing, food, and transportation. Couple that with the return of student loan debt repayment and the interest rates increase, and the ability to pay down debt is exacerbating the savings crisis, hindering the ability to save…
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America Saves Week 2024: Saving For Major Milestones
Spending/Saving
How do you save for the big things, like homeownership, retirement, and education, when saving for the small things is difficult? Saving for competing priorities can feel overwhelming, but there are ways to break these big goals down into reasonable, practical steps even if you aren’t where you want to be financially. Today is day 3 of America Saves Week and we’re focusing on saving for major life milestones while not abandoning your other financial needs or wants. Today, we…
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America Saves Week 2024: Saving for the Unexpected
Spending/Saving
It happens to all of us: you’re saving for something that you’re really excited about and before you know it an unexpected event occurs, causing you to dip into your designated savings. Every day, Americans are forced to use money they were saving for something they truly value or credit to pay for an unexpected expense. On Day 2 of America Saves Week, we want you to embrace establishing an emergency fund, along with shifting the narrative around emergency savings….
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America Saves Week 2024: Saving Automatically
Spending/Saving
It’s America Saves Week! Each year we encourage our community to dedicate this week to pause and do a financial check-in, and this year is no different. Join us this week to get a clear view of where your finances are, where you want them to be, and what small steps you can take to put you on a path forward. We all have unique circumstances, that in many cases make it difficult (or nearly impossible) for many to save…
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Why Use a Mobile Wallet?
Money Management Spending/Saving
At Midwest Community, you can pay with any of your Visa® cards using your preferred mobile wallet (Apple Pay, Samsung Pay, Google Pay, FitBit Pay, Garmin Pay, or Visa Checkout). But why should you use a mobile wallet? Convenience Completing a transaction is as easy as a tap of a smartwatch or a wave of a smartphone. Efficiency No digging in your wallet or purse for the right card. Your phone is always with you (you may not have to…
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Saving for a Great Summer Vacation
Money Management Spending/Saving
Summer is coming and that means vacation time! Are you thinking of taking a trip abroad? Or maybe doing a bit of camping in a National Park? If you want to enjoy your vacation without relying on your credit cards, now is a good time to start thinking about the various expenses involved and how you’ll pay for them.
5 Tips to Save Money Wedding Planning in 2022
Life Goals Spending/Saving
If you are planning a wedding this year, it could be challenging. With high demand coming from a global pandemic, brides have limited options for everything from wedding dates to food to venues; it’s a true “wedding boom,” according to Brides.com. After more than a year of postponed and called-off weddings, the industry has seen an influx of weddings coming back as the world opens up again. As a result, the demand for every aspect of the industry is higher…
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What to Do With Your Stimulus Check
Money Management Spending/Saving
The CARES Act (Coronavirus Aid, Relief, and Economic Security) provides needed assistance to businesses, expansions to unemployment insurance, and direct relief checks to many Americans. If you qualify for a stimulus check, you may be wondering what to do with the money—or what the wisest thing to do might be. Here are a few things to consider. Fill in Financial Gaps Many Americans have found themselves struggling financially due to the Covid-19 pandemic. Those who have had their hours cut…
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