3 steps you must take after a life-changing event

While the only two certainties in life are death and taxes, life-changing events run a close third. At some point, everyone will have a moment where their life shifts in a big way. Many people automatically associate this kind of life-changing event with catastrophes such as getting laid off or your house burning down, but good things like getting married or getting a big promotion also count as life-changing events.

Regardless of whether a life-changing event is good or bad, though, there are some steps you’ll need to take after it happens. You don’t need to take them immediately, but the longer you wait the more you risk getting overwhelmed by your new circumstances.

Update Your Budget

Good or bad, a life-changing event almost always affects you financially, and the sooner you know where you stand financially after the event, the better prepared you’ll be to act. The best way to assess your financial standing? Get out your monthly budget and update it.

 

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