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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

An emergency fund is vital regardless of the larger economic climate. But in a recession, you’ll want to consider padding your existing savings — especially due to recent inflation that has pushed the cost of living higher. Generally, you want to aim for an emergency fund of three to six months of expenses.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? You are one emergency short of losing track of your finances. If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. What gives?

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Source : freepik.com Managing finances can be an incredibly stressful and overwhelming endeavor. Save for a rainy day. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Save for retirement T-O-D-A-Y. This is something that can’t be stressed enough.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

And in adulthood, they are stashing their incomes and living hyper-frugally to save for early retirement, instead of waiting to 65 to fulfill their dreams. This leaves not much left to save for retirement. ” Recently Go Banking Rates conducted two studies on savings rates with startling results. It’s all too much.

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How to Make Your Budget Work for You

Prairie Eco-Thrifter

Before I spend my financial resources, I ask whether or not the expense is important, and whether it reflects my core values. In fact, if you identify your values, and use them to direct your finances, you are more likely to stick with a spending plan and feel better about your financial situation at the same time.

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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

Me from 15 years ago would get an earful about what not to do, and advice on budgeting and saving and staying out of debt. While my parents talked about saving money and only spending what you have, the lessons were more abstract than practical. However, I wasn’t maximizing my resources. What do you think?

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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

The post How to Save Money Fast – My Top 20 Tips appeared first on Penny Pinchin' Mom. “The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates a sense of order, trains forethought, and so broadens the mind.” Start Using Cash This is a wonderful way to save money.