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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Maliga shares several ways to prepare for a recession: Prepare a bare bones budget. Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly.

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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

The post Managing Family Finances: Tips and Strategies for a Better Financial Future appeared first on Penny Pinchin' Mom. Family finances can be tricky! Despite having a strict family budget , some members of my beautiful family still try to find sneaky ways to spend more than is allocated to them at any given time.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

You are one emergency short of losing track of your finances. I would recommend that you have at least six months to a year’s worth of your monthly expenses saved in the event of a job loss or an unexpected emergency. It’s a question of how to ensure the gains outweigh the losses. What gives?

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

I work in Finance/Accounting for a large corporation but I have also started a company called Every Single Dollar , which focuses on personal finance for single women. Simply doing a budget. Definitely a monthly budget – I always create one every month. I will NEVER finance a car again.