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Top 11 tips from Business Insider's Money Council for creating a financial plan to reach your goals
Top 11 tips from Business Insider's Money Council for creating a financial plan to reach your goals
Tanza Loudenback,Julia HoodJun 17, 2020, 20:02 IST
Business Insider
The second part of Business Insider's Master Your Money series is called Plan, and it focuses on every aspect of creating a financial road map that will help millennials achieve their goals.
The Money Council, comprising financial experts from a variety of organizations and backgrounds, convened for a deep discussion about the finer points of creating a solid plan.
This feature offers the top 11 tips for millennials from the Money Council forum.
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Go cash only — literally — to see where your money is going.
Carrie Schwab-Pomerantz, Charles Schwab Foundation.
Charles Schwab Foundation
Balance goals for the short term and the long term.
Chuck Cavanaugh, Citi.
Citi
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Before you make a plan, think about what you want your future to be.
Eric Roberge, Beyond Your Hammock.
Beyond Your Hammock
Get real about what money is coming in and what money is going out.
Joseph Edmondson, Equitable Advisors.
Equitable Advisors
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Budgets aren't punishment, so don't make them too rigid.
Kathy Cummings, Bank of America
Bank of America
Don't let your parents' relationship with money define yours.
Katie Oelker, financial coach and writer.
Katie Oelker, financial coach and writer
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Support causes you care about by putting them in your plan.
Kristen Robinson, Fidelity Charitable.
Fidelity Charitable
There's no such thing as a one-size-fits-all plan.
Nick Holeman, Betterment.
Ben Hider
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Couples should have honest conversations about debt and credit ratings.
Rod Griffin, Experian.
Experian
Romance turning serious? Time to rework the plan.
Sandi Bragar, Aspiriant.
Stephanie Dressler
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It's OK to reward yourself a little.
Scott Pedvis, Wells Fargo Advisors.
Wells Fargo Advisors