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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. An emergency fund is vital regardless of the larger economic climate.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

So, in this article, we’re going to look at 10 small money mistakes that many people make, often unaware of the impact they are having on their financial security. This small money mistake has a sub-section – accepting the so-called ‘free’ credit card upgrades or new cards. It’s wasted money.

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

Penny Pinchin' Mom

The problem is, every time I sent money to my savings account, I would mentally think about how much that amount would have reduced my debt. High interest charges make it harder to put money aside for saving. This makes it easier to save money, invest for a more long-term financial goal, and even add to your retirement savings.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

You never know when an emergency will arise. This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. In some cases, you might experience a financial emergency at the same time that you experience a natural disaster.