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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Thanks for reading!

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

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About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Over 40 and Worried about Money? Start here!

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But for our own safety net, we must make our finances a priority. We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away.

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Create your debt freedom plan

Family Balance Sheet

Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. Our personal finances are so interwoven with our small business finances that we view them as one. A guiding light!

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Find out how Jessica & Her Husband Paid off $175,000 of Debt

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We decided to declare it our year of health and align our diets and become more healthy, invest more in our community at church and clean up our finances. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We followed FPU which was a 9 week course.

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5 Ways to Reduce Your Debt

Prairie Eco-Thrifter

This savings can be directly applied towards your smaller debts such as credit and store cards in order to clear them more quickly. Trying to manage your finances and prioritize on paying off debt is impossible if you don’t keep a proper track of your income and outgoing’s.

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Thrifty Thinking: Valentine's Day

Motherhood Moments

billion on the holiday this year, the personal-finance website WalletHub today released its report on 2023's Best Places for Valentine’s Day. cities across 26 key metrics, ranging from florists per capita to forecasted precipitation to the cost of a three-course meal for two. Top 20 Places for Valentine’s Day 2023 1. Seattle, WA 3.