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Stay flexible with your financial plan as life circumstances change from "summary" of Broke Millennial by Erin Lowry
Life has a funny way of throwing curveballs at you when you least expect it. One day you're cruising along, sticking to your financial plan like a pro, and the next day you're faced with a major life change that turns everything upside down. It could be losing your job, getting hit with unexpected medical bills, or even something as joyous as starting a family. Whatever the case may be, the key is to stay nimble and open to adjusting your financial plan as needed. Being flexible with your financial plan doesn't mean abandoning it altogether at the first sign of trouble. It simply means being willing to reassess your goals and make necessary changes to stay on track. For example, if you suddenly find yourself out of work, you may need to cut back on non-essential expenses and focus on building an emergency fund to tide you over until you find a new job. Or if you're faced with unexpected medical bills, you may need to dip into your savings or look for alternative ways to cover the costs. The important thing to remember is that life is unpredictable, and your ...
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