article thumbnail

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. Get ahead of a possible job loss by punching up your resume today.

Recession 100
article thumbnail

Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events. Water (and method of purification).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Penny Pinchin' Mom

Before you start paying off multiple debts, come up with an emergency savings goal to cover unexpected events. I would recommend that you have at least six months to a year’s worth of your monthly expenses saved in the event of a job loss or an unexpected emergency.

article thumbnail

Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

I’m sure everyone can name many little things that have more meaning than a big event in their lives. Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Don’t forget to enter to win an iPad 3 here at PET.

Money 235
article thumbnail

Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. I hate to be taken advantage of in a financial transaction, just as I did when poorer. Having enough money can remove stress from your life.

Money 247
article thumbnail

Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. Was there a particular event? I had planned to pay it all off in 2.5 What inspired you to get debt free? She was so meticulous with her money.

article thumbnail

10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

There are so many freebies to be had, from samples of products, to free shows and rickets to events. Hopefully if you are facing job loss or are currently unemployed they can help you too. So, have you ever lost your job? 10 Things To Do When You Lose Your Job is a post from: Prairie EcoThrifter.com.