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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. As a result of the recession, many have resolved to forever alter the way that they conduct their household business. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Create a budget.

Debt 157
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Meet a Reader | Megan from California

The Frugal Girl

We don’t live super frugally, but we do live well within our means and try not to be wasteful with our resources. We bought our house in March 2009, during some of the worst of the recession and the housing bubble bursting. I hope I can teach my kids as well as my parents taught me. Me in one of my money mistakes!

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Green Stocks for the Socially Conscious

Prairie Eco-Thrifter

Morningstar holds a huge database of American stocks as well as Canadian stocks. So I then look at the debt to see if that is the reason they have so much cash through the recession. And it’s true, the debt has increased steadily since 2006.

Green 183
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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. The world wide recession made us all (either of necessity or by choice) a bit more frugal.

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How Growing Your Finances Is Like Gardening

Prairie Eco-Thrifter

If you take the time to decide what to want plant and pick the right type of place in which to plant, you should plant good stock – get the best example that you can so that it has the best chance of growing well for you. One plant may do well in the sun, others in the shade. Prune down debt to make way for savings to build.

Finance 133
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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

It has served me well over the years, eventually leading to my current position of financial freedom. Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data.

Money 124
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10 Money-Saving Tips For Your Wedding

Prairie Eco-Thrifter

The worst thing you could possibly do is start your married life with a mountain of debt from having the wedding of your dreams. With the economy the way it is and with most people affected by the recession, they will definitely understand that you want to keep costs at a minimum by having a small wedding party.

Wedding 248