Why The Stock Market Rallied Post-Election (& What It Means For You) | ModMoney

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Over the last few months, news agencies have peppered us with a variety of unusual headlines. However, one story has remained consistent—the stock market has shown strong gains since President Trump's election. With so much uncertainty posed by the new administration, a prolonged rally may seem surprising. So what is behind this streak? And more importantly, what should you do about it?

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3 Tips To Keep In Mind When Filing Your Taxes | ModMoney

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You know, it's really unfair. We get to spend December frolicking in the cool air, surrounded by the lights and frivolity of the holidays. We even keep our homes lit until January, holding on to this bliss until the last minute. Then, the gaiety ends. And the worst part? It's replaced with tax season. But honestly, filing taxes doesn't have to be a dreadful chore if you use the right resources. Plus, there are a few things you can do today to lower your tax bill or increase your refund. Here are some tips that will make filing your taxes a smooth process this year.

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What You Need To Know About A Roth IRA | ModMoney

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Confession: when I graduated from college, I did not know the first thing about a Roth IRA. It took countless phone calls to my parents and a few Google searches for me to finally get it down. In fact, a Roth IRA may be one of the most baffling personal finance concepts for millennials. And this is a serious problem because a Roth IRA is actually a helpful, tax-efficient way to save for retirement. Especially for young people!

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5 Credit Card Rules You Should Definitely Be Following | ModMoney

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You know those people who pull out a different credit card each time they make a purchase? Admittedly, I'm guilty. I have several cards in my wallet that I use interchangeably to maximize reward categories. But it's important to note that I slowly built my way up to this point.

Spending on a credit card is a great way to earn cash back, travel rewards, and other perks. But if you're not diligent, you can do yourself and your credit history a disservice. Conscientious cardholders use their cards to build up their credit score and earn a return on purchases they already make. However, there is a...

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6 Ways To Save Money When You Work Out | ModMoney

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January is a great month to be a health club. Gyms rake in membership fees as new clients set fitness resolutions with the greatest of intentions. January 1 starts a clean slate, and it feels good to start off with a new diet or fitness regimen.

There's no doubt that working out is a healthy habit, but it can also be an expensive one. Especially if you overpay for a gym membership you don't actually use! With many of you looking for ways to stay healthy and happy this year, I'm sharing 6 tips to help you work out without breaking the bank.

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5 Financial Resolutions You Should Keep This Year | ModMoney

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Happy new year, everyone! I hope you all enjoyed a relaxing holiday with friends and family. Now that it's officially 2017, I have to admit that I have never been good at keeping New Year's resolutions. I tend to focus more on lofty end goals and less on the habits I need to adopt to get there. Inevitably, I lose track, get overwhelmed, and give up within the first month or two. Anyone else in the same boat?

Now don't get me wrong. I'm all for dreaming big. But you also have to be mindful of the journey it will take to get there. This year, I'm resolving to think about my resolutions in a...

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Last Minute Christmas Gifts Under $100 | ModMoney

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Every year I plan to stay ahead of my holiday shopping. On Cyber Monday, I'm ready to knock out my whole gift list. But I never seem to make it all the way through! I either get distracted and move to another task, or I add to my list later on. As I sit here 4 days before Christmas, I still have a few last minute gifts to purchase. Please tell me I'm not alone! For those of you who are in the same boat, I thought it would be helpful to round up some of my favorite go-to gifts under $100 this week. And the best part? All of them are...

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Does Canceling A Credit Card Hurt Your FICO Score? | ModMoney

Many of us have that unused credit card that sits in the back of our wallets. Now be honest. Have you ever been tempted to cancel it? After all, doesn't cleaning up old credit make sense in theory? It is a common misconception that canceling an old credit card helps your FICO score. In reality, the opposite is true. Closing an old card can have a detrimental impact! And here's why.

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Should You Open That Retail Store Credit Card? | ModMoney

We've all been through this before. After exiting the dressing room, you approach the cash register with a few items in hand. You're already thinking about ripping off the tags and wearing your new clothes to dinner that evening. (Is that just me?) As you fumble for your credit card, the sales associate says, "You know, if you open up a store card, you can save an extra 15% today." What do you do? This sounds like an enticing offer! And you'll get instant gratification with a discount today. But before you reach for that shiny new retail card, there are a few factors to consider.

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The Expert Guide to Your Rainy Day Savings Fund | ModMoney

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If you keep up with ModMoney, you know I talk a lot about the importance of saving early to build wealth. By now, you are an expert on the power of compound interest and the ability of time to exponentially grow your nest egg, allowing you to retire earlier than you ever thought you could.

Most of us save primarily through an employer-sponsored retirement account like a 401(k). However, your savings should not stop here! You can't withdraw from your 401(k) until retirement, so it's important to have savings you can access earlier. This savings account should serve to protect you against unexpected...

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Meet Erica

Erica is an Austin local, Duke grad, and creator of ModMoney, a platform bringing a fresh perspective to personal finance. She believes financial health is an important part of living well and hopes to empower others to make informed, proactive choices with their money. Find out more.

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