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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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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Create a budget. That’s where a budget comes in handy.

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The Danger In Assuming

Prairie Eco-Thrifter

Despite having climbed their way up the corporate ladder and proving their value in millions of revenue and/or savings for the companies they worked for, the structure of each company was changing such that my parents were no longer necessary, regardless of their past performance. Have you ever made an assumption that cost you?

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How to Build your Emergency Fund

Family Balance Sheet

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. What helped us through that time was the money we had saved in our emergency account. That emergency fund saved our business, our sanity, and our marriage. We had enough to get us through one more month.

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Marriage and Money: 5 Tips To Reduce the Money Arguments

Family Balance Sheet

It could be from the stress of unemployment, a large debt load, or the amount of shoes in someone's closet; money can be an evil force in a marriage. Or save money for a trip to Walt Disney World ? We came up with a figure that fit into our budget and on the first of every month that money is transferred into our individual accounts.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Here are the ins and outs of the whole process – why you need one, how much you should have, how to save for it, where to keep it and what do to (and what not to do) with it. Our Journey To Zero: Get To Know Old People and Save Money Great deals can be found in the most surprising of places, like from old people and funeral homes.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Welcome to 31 Days to Organize Your Finances.