article thumbnail

Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

As Americans assess their financial situations following a challenging year, several economic signs — including continued high interest rates and lingering inflation — are still warning of a possible recession sometime in 2023. Maliga shares several ways to prepare for a recession: Prepare a bare bones budget.

Recession 100
article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. They asked him what would likely cause us to come out of recession. We all are typically affected by the conditions around us, including economic conditions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Should You Invest In A Rising Market?

Prairie Eco-Thrifter

We individual investors have all become market skittish since the recent huge recession and economic downturn. I’d rather buy stocks at a lower price and sell them at a higher one if I can. It’s hard for me, emotionally to avoid trying to time the market. So, who do you believe?

Economy 187
article thumbnail

Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Personal Finance Whiz: Keynesian vs Hayekian Economics – The Solution To Our Recession? – Two economic giants square off. They pulled us out of The Great Depression, but do they have any wisdom to offer us in our current economic situation? Does that mean you should go out and buy crate of forever stamps?

November 188
article thumbnail

Can You Cut Expenses by a Half Million Dollars?

Prairie Eco-Thrifter

With the advent of the Great Recession, today’s populations are re-learning frugality and expense reduction. This post was written by Marie. . Through the harsh reality of real scarcity in our own personal financial situation, we learned those lessons over 40 years ago. We were so poor that we re-used coffee grounds to make more coffee!

article thumbnail

23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

And economic downturns can pose challenges, too. Opportunity: You’ll be able to take advantage of price differences between what you can find and what the average consumer may be able to find. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn.

Money 52