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Don’t be forced into a career you hate

How did you decide what career to pursue? A recent YOUNG MONEY poll found that 58% of readers say that the most common way college students pick a major is by just sort of “falling into” a field that seems interesting to them. Only 16% of respondents felt that students pick a major through careful research and consideration of their interests. I can relate to those students who fall into a career path they never planned
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Friday Finance Findings For May 16th

First of all, I want to thank the guest posters for sending in a few submissions this past week. This has allowed me to catch up on a few loose ends and get back on track so that I can get into my regular writing routine again. It can be quite overwhelming to not only maintain this site and the email it generates, but also trying to keep up with everything that is going on
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Three Must-Dos Before Graduating College

One of my few regrets about college was not having had the chance to take at least one class in a foreign country. Your college years are the perfect time of life to explore new places and I missed out on that opportunity. But there’s still time left for you to avoid making the same mistake I made. When preparing for life after college, whether or not you’re close to graduation, there are three primary
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Get a Jump on Summer With These Warm Weather Money Saving Tips

We’re cruising through spring, and in many locations, it feels as if summer is already here. Well, it won’t be long and summer will be upon us, but that doesn’t mean you should wait to take advantage of some money saving ideas. For those of us in colder climates, we tend to focus on saving money during the winter months, but you’d be surprised at the number of ways you can save money this summer
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Is it Smart to Buy Disability Insurance?

I occasionally receive questions from readers that ask about a number of financial issues, and a recent reader asked: “Is is smart to buy disability insurance?” Of course, without understanding someone’s complete financial situation, it is impossible to give a straight “yes” or “no” answer, I can provide some insight as to when it is smart to buy disability insurance. Before jumping into the question, I just want to recap what disability insurance is if you
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Ask YOUNG MONEY: Which debt should I pay off first?

Q: I just graduated college and have a full time good-paying job. During college I had some credit cards and my father got into trouble and needed to use my cards until he got back on his feet. Long story short, the cards were maxed out and he’s helping me pay them back but at this time two of the card accounts are closed. One of the companies put me on a program where they
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Maybe Higher Food Prices Are Actually Good For Us as a Society

CNN is about the most worthless place to get news, but I still check their site a few times a week for comedic value. I’m usually pleasantly surprised when I come across some absurd story, and today was no different. The sensationalistic stories that constantly portray the world ending are far from news, and simply attempt to entertain people who can’t think for themselves. Today, I want to highlight their story about increasing grocery prices. Now,
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Poll: How Do You Envision Your Ideal Retirement?

For most of us, retirement may still seem a long ways off. If you’re in your 30s and plan on retiring at the traditional retirement age, you’re looking at another 25 to 35 years or so. Of course, that is assuming you want to be working into your 60s. Many people have aspirations of retiring earlier so that they can pursue other dreams, goals, or do things while they are younger. Either way, some form
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Ask YOUNG MONEY: Can teenagers invest in the stock market?

Q: Hello! I just started learning about the stock market and I was wondering if teenagers can invest in stock market? A: You cannot invest in the stock market yourself until you have reached the “age of majority”, typically 18 or 21 years of age depending on your state.  You can, however, invest through a “custodian” who may be a parent or guardian.  If you are not yet 18 (or 21), this might be a great
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Losing track of cell phone minutes could cost you money

After more than 10 years writing about personal finance I’d like to think that I’ve gotten very good at keeping track of my expenses. But I must confess that I recently made a costly rookie mistake in regards to my monthly cell phone bill. I normally pay about $56 each month (including taxes and fees) for my monthly cell phone plan. I never needed a plan with lots of phone minutes because I tended to make
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