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Why Develop a Financial Recovery Plan?

Financial recovery February 23, 2024

Develop a Financial Recovery Plan
Why Develop a Financial Recovery Plan?
A financial recovery plan will help you determine strategic ways you can:
•    Save money
•    Pay your bills
•    Reduce or eliminate your debt

Your financial recovery plan should include:
•    Financial goals
•    A spending plan to meet these goals

To reach your financial goals, it is extremely important to involve all family members, including older children, in determining how you might increase your income or decrease your expenses to meet your financial goals.

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