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Middle East war live: US says it destroyed 16 minelayers near Strait of Hormuz Financial TimesIran War Live Updates: Iran Lays Mines in Strait of Hormuz, Triggering U.S. Response WSJU.S. forces sink 16 Iranian minelayers as reports say Tehran is mining the Strait of Hormuz CNBCIran Live Updates: U.S. Says It Hit Iranian Warships Near Key Oil Route as Energy Markets Reel The New York Times
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Tornadoes hit Midwest, homes destroyed and heavy damage reported USA TodayChicago severe weather forecast today: Strong thunderstorms, possible tornadoes sweep through area, causing damage | Radar ABC7 ChicagoLive updates: Rash of tornado outbreaks across Illinois, NW Indiana FOX 32 Chicago
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Personal values play an important role in many aspects of our lives and have become more prominent recently in how we think about and manage our finances. More and more investors are asking how they can support the causes they care about through their financial decision-making.
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Charles Schwab's latest Modern Wealth Survey found that 69% of Americans say that supporting causes they care most about is a top consideration when it comes to their financial decisions. If you count yourself among them, consider starting with a financial plan to ensure you stay on track toward your long-term goals while also staying true to your personal values.
Define your saving and spending goals
The best way to start is by translating your dreams into concrete financial goals. Identify your most important goals and commit to saving toward each. Write things down so you can build confidence, stay focused and refine your plan over time while prioritizing both your own financial wellness and the greater good.
For example, we recently had a client looking for ways to maximize her charitable donations with a limited budget. After pinpointing the causes that she connected with most - the environment and medical research - we laid out a three-year charitable-giving budget. This helped her stay on track with her long-term plan while mixing in creative ways to give back, including ongoing gifts through a donor-advised fund supporting cancer research and volunteering for weekend river cleanups.
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