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Are you controlling your money, or is your money (and debt) controlling you? Basic personal finance may not be that interesting to most women in their 20s or 30s, but it’s one of the keys to a happy, fulfilled life!

These money tips from the horses’ mouth: the female financial gurus over at Women & Co:

Money Tips for Women in Their 20s

1. Set Financial Goals. The first step to putting together a financial plan is to identify what you want, when you want it, and what it will take to achieve it. Be sure to write down your goals so you have something to refer back to as you plan.

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2. Live On a Budget. A budget doesn’t have to be onerous and it’s a key component of a solid financial plan. Start by writing down your monthly income, track and total how much you are spending monthly, and determine your debt-repayment obligations (i.e., credit card, student loans). After calculating your monthly expenditures, subtract that from your total monthly income. Allocate the amount you have left over toward savings. If you’re falling short on savings, think creatively about ways to cut spending.

Click here for more tips.

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