Plan for major expenses like education or housing from "summary" of The 7 Most Important Money Decisions You'll Ever Make by Mary Claire Allvine,Christine Larson
Planning for major expenses like education or housing is crucial to achieving financial stability and security. These expenses are significant and can have a long-term impact on our financial well-being, making it essential to plan ahead. By anticipating these expenses, we can better prepare ourselves financially and avoid being caught off guard. Education is a major expense that many individuals and families face. Whether it is saving for college tuition or pursuing advanced degrees, the cost of education continues to rise. By planning for these expenses early on, we can start saving and investing strategically to ensure we have the necessary funds when the time comes. Setting up a dedicated education savings account, such as a 529 plan, can help us save efficiently and take advantage of tax benefits. Similarly, housing is another major expe...
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