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‘Money Boss’ Jo Davison’s 5 Steps for Taking Control of Your Finances

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Maybe you’re saving to start your own business or you want a house down payment, retirement fund, college fund, or you’re itching to get debt-free. Each time you consider a nonessential purchase, you can decide what you want more: that latte, that pizza delivery, that extra pair of jeans—or getting, say, $50 closer to the goal you’ve set.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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That means you may need to brace for a “new normal” of higher inflation—possibly into 2024, she adds. People naturally get a little nervous about the economy when there’s a lot of chatter about a recession, as there has been in 2022, and when they feel like they increasingly can’t afford everyday purchases.

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