Andrea Woroch

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Saving money can be as simple as a quick phone call. Lots of people are interested in saving more, but they don’t always want to change their lifestyle in order to do it. Especially when you have a large amount to save or haven’t started saving at all, it can be difficult to find the motivation to cut back on the things that bring you joy. However, saving, even if it’s just a little bit each month, is an important part of your wealth-building journey. It not only ensures you have cash to fall back on when emergencies eventually arise, but it also allows you to make larger purchases and afford the kind of lifestyle you aspire to have in the future. So does that mean you have to cut way back on your lifestyle now in order to save for the future? According to the money experts of Kiplinger Advisor Collective, that doesn’t have to be the case. Here, they discuss little (but effective) ways anyone can easily save money each month without compromising their overall lifestyle or sacrificing joy.

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It’s never too early to start thinking about your child’s financial future. When you’re a new parent, you have a lot on your plate. Between learning how to care for your child’s physical and emotional needs and adapting your life around your new family member, you’re also trying to consider their future and what you may need to do now to help get them started on the best path to success. One area that may draw your attention is their future financial security. What habits will they need to develop in order to have a healthy relationship with money? What steps can you take while they’re young to prepare them for the expenses of the future? These questions can feel overwhelming, especially while you’re still adjusting to parenthood, but even simple steps can have a big impact. According to the financial experts of Kiplinger Advisor Collective, the following seven steps are a good place to start. Below, they outline each one  and why taking each particular step will ensure your child is on the right trajectory for a successful financial future.

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When high school or college graduation day comes, you’re likely relishing the moment, caught up in the excitement of reaching a major milestone and starting a new chapter in your life — You’re likely not thinking about how to invest your money for the future. However, after the celebration is over and you’re ready to take your next step, it’s wise to consider what you’ll do with any monetary gifts you received and how those gifts can help jump-start this next phase of life. While your money can be well-spent in a number of ways, the financial experts of Kiplinger Advisor Collective recommend the following 11 approaches. Implementing even just one of these strategies can help you start off adulthood on the right foot and set you up for a successful financial future.