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Three Critical Types of Savings

Saving & Investing
One of the keys to financial success is planning – especially planning for the unexpected. Another key is patience. The way you interact with money and plan for the future impacts your long-term financial health. Your savings plan can keep you on track, prevent you from going into debt, and protect you from financial setbacks. As you create a savings plan, there are three major types of savings to focus on: (more…)
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Put Your Retirement on Autopilot

Saving & Investing
Are you afraid of your 401k? You’re not alone. Back in the ‘90s, there was a terrible retirement problem looming. Pension plans were disappearing, and 401k plans were taking their place. But few people understood how these new vehicles worked (or wanted to sign up for them). So companies began enrolling employees into retirement plans automatically—which solved one problem and created a bigger one: (more…)
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Comparing Online Savings Banks

Saving & Investing
Online savings banks are a great option if you would like to save money and earn interest for a period of time. High-yield savings accounts earn more interest than savings accounts you'd find at your big banks or local credit unions. Unfortunately, you probably won't find rates any higher than 2% any time soon due to the decline in the economy. However, some interest is better than none and these accounts have some of the highest interest rates. (more…)
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Informative Resources for the Beginning Investor

Saving & Investing
Investing is a huge component of personal finance, and one that can often be intimidating for beginners. If you've never invested before, you probably don't know where to begin, how to invest, where to invest, or what are good strategies. You may have questions like: What's the best investment option for you? Should you choose stocks and bonds, or is gold your claim to fame? How much money should you put in? How long should you be an investor? (more…)
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What Women Need to Think About in Saving for Retirement: 4 Considerations

Popular, Saving & Investing
Planning for retirement is different for men then women. Here are 4 major considerations to keep in mind: Life Expectancy Women, on average, live longer than men. In the US, the preliminary data for 2007 from the CDC shows that for all races, women have a life expectancy of 80.4 years while men have an average life expectancy of 75.4 years. That means that chances are you need to save for an additional 5 years of retirement than a man in the same position would save for. For Black or African American women (as categorized by the CDC) the life expectancy is different by nearly 7 years. (more…)
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A Case Against Separate Accounts: 7 Reasons Shared Accounts Are Better

#WMW12, Popular, Relationships & Money
There are a lot of great reasons to have separate accounts, but they are not for every relationship. In fact, I’d argue that most couples would be best with only shared accounts. Here are 7 reasons why. (Note that in this post I use the term “significant other” interchangeably with “spouse.” When I use the phrase “significant other” I really mean: extremely super significant other - such as a partner, spouse, or whichever term you use to describe the person you’ve made a commitment to spend the rest of your life with.  By “significant other” I don’t mean “whatever person you’re randomly dating who you aren’t 100% sure about.”)Having Separate Accounts is Against the Values that Relationships Are Built OnWhat is a relationship built on? Trust, honesty, respect.  Sharing an…
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How Divorce Affects Your Money

Popular, Relationships & Money
Like death, divorce is a topic most of us would prefer to avoid. While divorce doesn't have the 100% occurrence rate that death does, the statistics are still sobering. According to a paper published by the CDC on Marriage and Cohabitation in the United States, "The probability that the first marriages of women and men will survive to at least 10 years was 0.64 (or 64%) for women and 0.66 for men in 2002; the remainder of first marriages dissolved through divorce or separation within 10 years." (more…)
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Money Fights and How to Resolve Them

Relationships & Money
The biggest problems in relationships and the causes of divorce in the U.S. revolve around money issues. Financial problems can get in the way of your relationship if you let them, but it's all about communication and compromise. Here are a few common reasons couples fight about money -- and how to resolve these issues before they interfere with your relationship: (more…)
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A Case For Maintaining Separate Accounts

Popular, Relationships & Money
Dave Ramsey, who is my personal finance guru, argues strongly for a joint checking account. He explains that money becomes one when you enter a marriage and that you become fully a team. While I completely agree with being a team, sometimes it’s not always best to throw your money in one pot. This is such a taboo subject, but I find it so utterly important for women to know that they have options other than a joint checking account. A separate checking account may not be for everyone, because let’s face it, personal finance is personal, but let’s consider the pros. (more…)
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The Ultimate List of Women Money Bloggers

Entrepreneurship / Making Money
As a special kickoff to Women's Money Week, we want to give a special shout out to all women money bloggers out there (whether they are participating in #WMW2012 or not). Every one of them is an entrepreneur in her own right, whether she considers herself one or not. So, check out this first ever Ultimate List of Women Money Bloggers - with nearly 350 blogs and counting. If you like it, please consider sharing it on you favorite social media. We hope you find a few new sites to read. (more…)
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