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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. Depending on your situation, you may qualify for a debt management plan.

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Current Mortgage Rates: Compare today’s rates | NerdWallet

Savings Corner

Each payment includes a combination of principal and interest, as well as property taxes, and, if needed, mortgage insurance. Homeowners insurance may be included, or the homeowner may pay the insurer directly.) Changes in inflation and unemployment rates tend to put pressure on interest rates.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

percent unemployment rate among 18-29 year olds , being financially savvy is a skill that gets you much farther than those humanity electives you took in college. You might have to share your house with your roommates but, depending on your location, it may be better than being stuck in a studio apartment on your own. Car Buying.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

While legally that’s true, in practice passive income may take other forms. In practice, you may do some or all of the work upfront, but passive income often involves some additional labor along the way, too. Non-dividend-paying stocks or assets like cryptocurrencies may be exciting, but they won’t earn you passive income.

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