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Preparing your finances for a large purchase

Most of us know that for big-ticket purchases in life – like a house, higher education or retirement – it pays to plan ahead. For these major-life expenses, we already have an established framework to plan around, including research aids, apps and professionals, who can offer advice. But for other larger expenses, like buying a new washing machine or a used car, the path forward may be less clear. Work to establish a basic method for saving up toward these expenses that are often planned in advance to minimize their impact on your budget.

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