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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.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Repayment terms typically range from one to seven years.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

In today’s tight economic climate, many people wonder what is the best method of improving their financial position. In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. What About Debt? What Should You Do? .

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3 Different Ways to Plan for Your Family’s Future

Prairie Eco-Thrifter

Retirement has become an uncertain landscape for many families as they’ve watched economic markets shift and debt grow while financial burdens wreak havoc. Depending on how organized you are with your money, you may already have an accurate depiction of your budget. Look at your current savings as well.

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Ways to Build Credit Without Relying Solely on Credit Cards

Prairie Eco-Thrifter

For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Debt load – 30%. This portion of your score reflects how much debt you carry. If you prefer to pay cash and avoid revolving debt, that’s great.

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7 Best Investments in 2024

Savings Corner

The term “investing” may conjure images of the frenetic New York Stock Exchange, or perhaps you think it’s something only meant for those wealthier, older or further along in their careers than you. Investing allows you to share in the economic recovery, and help your money keep pace with inflation.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

While legally that’s true, in practice passive income may take other forms. In practice, you may do some or all of the work upfront, but passive income often involves some additional labor along the way, too. Non-dividend-paying stocks or assets like cryptocurrencies may be exciting, but they won’t earn you passive income.

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