CHAPTER 3

Key Financial Junctures and How to Plan for Them

Life is comprised of a wide variety and multitude of meetings, situations, and events that can influence your personal finances, financial decision making, and overall financial health. It is important to remember that even as life events happen and occur the ramifications of such events can have substantial ripple effects throughout your financial portfolio and financial wellness. Understanding the events, how these events may affect your personal finances and financial health, as well as how best to plan and account for these effects is a critical step in constructing a well-thought-out personal finance plan. Building a plan, establishing a budget, and updating this budget with current ...

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