article thumbnail

The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Fortunately, there is no one size fits all plan to debt reduction. A simple prerequisite to debt reduction is knowledge.

Debt 157
article thumbnail

Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

Repaying any debts Entrepreneurs often shoulder substantial debts, whether a business loan, credit lines or personal obligations incurred during the start-up phase. The proceeds from your life insurance policy can be used to repay these debts, ensuring that your family is not responsible for settling them.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

US Presidents and Personal Finance

Prairie Eco-Thrifter

I wonder if that could be part of our national debt problem. He ended up hundreds of thousands of dollars in debt and only salvaged his estate by selling (after his death) his civil war memoirs. Lincoln was poor much of his life as well, losing everything in a joint venture on a store, but made a comeback with his income as a lawyer.

article thumbnail

Meet a Reader | Kim from Iowa

The Frugal Girl

This spring, the gym closed down and sold off their equipment at a deep discount so now I am well stocked for any kettlebell weight I want to use. We bought our house as a short sale in 2008. It doesn’t blend ice as well and the way it is designed makes it super messy if you have to add ingredients in two stages.

Iowa 169
article thumbnail

Should You Consider Investing Your Money?

Prairie Eco-Thrifter

GDP fell by 25% and markets crashed far more than they did in 2008. It took a long time, but the world recovered and recovered very well. In my view there is likely to be a lot of pain in the global economy which is weighed down by huge amounts of debt at personal, business and government levels.

Money 186
article thumbnail

10 Best Low-Risk Investments In April 2024

Savings Corner

Some banks also hit you with a loss of a portion of principal as well, so it’s important to read the rules and check CD rates before you invest. But when inflation falls, the bond’s payment falls as well. I consider those more risky because you have not just the interest rate risk, but the default risk as well.”

April 52
article thumbnail

Best of Money Carnival #112

Prairie Eco-Thrifter

In 2008, one of the greatest movies of the decade came to cinemas: The Dark Knight. While the plot, acting, music composition, and special effects are normally what others focus on when watching this movie, there are actually quite a few lessons in personal finance that can be learned from The Dark Knight as well. Well it does.

Money 159