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Plan for major life events like buying a home or starting a family from "summary" of Broke Millennial by Erin Lowry
When it comes to major life events like buying a home or starting a family, it's crucial to have a solid plan in place. These are significant milestones that can have a lasting impact on your financial well-being, so it's important to approach them with careful consideration and foresight. One of the first steps in planning for these major life events is to assess your current financial situation. Take a close look at your income, expenses, savings, and debt to get a clear picture of where you stand. This will help you determine how much you can realistically afford to spend on a home or how much you need to save before starting a family. Next, consider setting specific financial goals for these major life events. Determine how much money you'll need to achieve these goals and create a timeline for reaching them. This will help you stay focused and motivated as you work towards making your dreams a reality. ...
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