Don't Fall for These 5 Finance Faux Pas

Money management can get complicated as your financial success and stability climbs. Sometimes bad habits that impact our long-term financial health start at our high points — and go unnoticed because of it.

Have you ever fallen for these financial mistakes? It happens to the best of us. Thankfully, they can be easy to avoid:

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Silvia Evans
Keep Your Savings Ahead of Inflation

A saved amount of $20,000 in 2020 would need to be $22,217.19 today in order to maintain the same value. Even high yield accounts struggle to keep up, but this depreciation is hard to notice as it’s happening.

Luckily, keeping up with inflation doesn’t have to be difficult. These three habits can help you easily stay one step ahead with your savings:

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Silvia Evans
Deciding on Joint or Separate Finances

To merge or not to merge? Whether moving in together, getting married or living as civil partners, long-term couples eventually face this important financial decision.

Use these tips to help you and your partner find what works best for you

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Silvia Evans
Saving for Retirement With a 401(k) and IRA

Some people focus on saving for retirement with an employer-sponsored 401(k), while others use an IRA — but did you know that you can have both?

Funding a 401(k) and IRA can help boost your retirement savings, but it’s not a one-size-fits-all strategy. Here are the basic requirements, contribution limits and tax considerations you need to know:

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Silvia Evans