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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

While it’s nice to think that stocks offer 10% annualized returns over 20 years, the reality is that the S&P recently only returned 7.89% over a 20-year period (according to the most recent DALBAR survey). Instead of basing your future plans on something like the 10-5-3 rule of thumb, moderate your expectations.

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Saving Tips & Free Crediting Monitoring

For the Mommas

Nearly 46% of consumers say they typically consider making a financial resolution – up 31% since the first year of the survey in 2009. Saving more (52%), spending less (19%) and paying off debt (19%). Paying Off Debt. The top 3 financial resolutions?

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

When Jon and I were married, we acknowledged that high paying careers were not on the docket for us, knowing that we wanted to have both comfortable and generous lives we decided that we would have to be incredibly diligent with our resources. The first step in this diligence was paying off debt.

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What Is A Home Equity Loan?

Savings Corner

Source: Bankrate national survey of lenders As for 2024: The potential for Federal Reserve interest rate cuts could be good news for home equity loans. 10.16% The average $30,000 HELOC rate as of the beginning of January 2024 — up from 7.62% in January 2023. However, if you’re considering this route , there are two important caveats.

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Thrifty Thinking: Valentine's Day

Motherhood Moments

It also released its nationally representative 2023 Valentine’s Day Spending Survey , which found that more than 1 in 4 of Americans expect their Valentine to not spend any money on gifts this year. Virginia Beach, VA Valentine’s Day Spending Survey – Key Stats Some People Anticipate Smaller Gifts. New York, NY 13. Atlanta, GA 14.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

A recent survey claimed that six out of ten parents provide or have provided financial help to their adult children. Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? Jaimie from I’ve Paid Twice for This Already presents Best Place to Sell Your Stuff Online.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Money Q&A: Young Investors Hold Too Much Cash In Their Portfolios A recent survey found that young investors are staying away from the stock market and holding large cash positions. Instead of giving in, they used it as an opportunity to pay down debt!

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