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Depressed Asian young girl feel worry about financial problem in house. Stressed desperate young woman looking frustrated to paperwork and bills think of money debt, budget loss, bankruptcy at home. stock photo

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Millions of Americans find themselves missing out on notable moments due to the timing of their payday.

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With this strategy, you might put some money aside every month for social activities.

The set-it-and-forget-it approach for personal finance works because you dont have to take any additional steps on your end.

you could label this account so that you know exactly what the funds are for.

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However, its worth pointing out that it may take some time to build this account up.

This is where the balance of short-term satisfaction andlong-term financial planningbecomes a struggle.

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