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A gap year can have a significant impact on your financial life, as it may involve costs for travel, living expenses, or activities that could lead to increased debt if not planned carefully. However, it can also provide opportunities for earning income through part-time work or internships, potentially enhancing future job prospects and salary potential. Additionally, the experiences gained during a gap year can lead to personal growth and clearer career goals, which may ultimately contribute to better financial decisions in the long run. Proper budgeting and planning are essential to minimize financial strain during this period.

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1mo ago

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