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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. Prepare by paying off debt. Prepare for the unexpected.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Your City or County May Have Free Money For You. It has gone on for generations.

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How To Get A Business Loan In 6 Steps

Savings Corner

The application process may vary depending on the lender and type of loan, and the funding time can range from a few days to 90 days or more. To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). You want to use business profits to make repayments on the loan.

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What Is A Home Equity Loan?

Savings Corner

While the forecast doesn’t call for massive savings — for HE loans, anyway — any reduction in borrowing costs saves prospective borrowers some cash, and encourages them to turn to this financing tool. Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. A budget could help you avoid late and insufficient funds fees, find money for an upcoming trip or expense, and ease a disagreement over finances in a marriage. To get started, gather the following: pencil.

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The Financial Effects of Marriage

Saving Cents With Sense

Before getting married, you’ve likely researched the financial questions you should ask each other, but do you know how your wedding will affect your finances once the “I dos” are said and the wedding certificate is signed? Health Insurance Concerns. Paying Off Debt. Community Property Laws. Thank you for reading.

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