Alicia Adamczyk
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How to Calculate Your ‘Hourly Wage’ When on a Salary
2When you’re working full time, you can track your spending and make a budget using percentages of your income to try to get a handle on what you can truly afford. But thinking of your salary in terms of monthly or even weekly allotments of money isn’t necessarily the most effective way to think of…
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Should You Tell Your Parents How Much Money You Make?
One of the first things I did after my first job offer was call my parents. I ran through the pros and cons, expounded on how it would help my career and marveled at the thought that I’d somehow landed a full time job in journalism, with benefits and everything. It seemed too good to…
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Beware ‘Alphabeticity Bias’ When Picking Investments
You already know that many of your financial decisions aren’t made rationally: Recency bias, sunk-cost fallacy and mental accounting all play major roles in how we spend, save and think about our money. But you also need to be aware of bias when you’re picking investments.
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Decide Which Stocks You Want To Buy ‘On Sale’
We’ll start with a given: You can’t time the market. But that doesn’t mean you can’t do some proactive planning before the market inevitably falls again.