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Financial Planning Through Change (Ep. 25 CLIP)
Manage episode 352525521 series 3344177
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No matter how much we try to plan, life is unpredictable and can change in unexpected ways. Its essential to be able to develop a financial plan to ensure you’re prepared.
In this clip from episode 25, we talk about the steps we took to pivot with unexpected change.
Assess your current financial situation. How much money do you have in savings? What monthly bills do you pay?
The most important step for us was to prioritize your spending. Where is the most essential and where can you cut back? Determine what is necessary, and what can be put on hold until you’re in a more stable place financially.
Life transitions can be stressful and undesirable but with a financial plan in place, you’ll be better prepared to move forward.
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