7 things to do with your money that will put you light-years ahead of your friends

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If you want to be better with money in 2020, there are a few things you can do that will have a big impact. For example, start tracking your spending to find out where you can save more; put your money in a high-yield savings account to help it grow; and eliminate any high-interest debt. To lay a foundation for building long-term wealth, save a portion of your income in a retirement account and invest in the stock market. Read more personal finance coverage.

The vast majority of Americans are undersaved for retirement, saddled with debt, and stressed about money.

The good news? Your financial situation is not set in stone. A few smart decisions, like monitoring your spending, saving as much as you can, planning for the future, and seeking professional help, can set you on a path to wealth that will leave your friends wondering how they can get there, too.See the rest of the story at Business Insider

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