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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

As Americans assess their financial situations following a challenging year, several economic signs — including continued high interest rates and lingering inflation — are still warning of a possible recession sometime in 2023. Maliga shares several ways to prepare for a recession: Prepare a bare bones budget. Prepare your resume.

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Money Matters: New Year's Spending Survey

Motherhood Moments

Americans are feeling the burden of prolonged inflation, and the debate over whether we’re already in a recession or one is simply inevitable certainly is not helping to foster a positive outlook.” Do many people plan to make financial New Year’s resolutions?

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The Danger In Assuming

Prairie Eco-Thrifter

Unfortunately the recession of 2008 was not an isolated incident. If the “nothing bad will ever happen to me” assumption were true, there would be no need for insurance. But seeing as how insurance is a multi million dollar business, I think it’s safe to say it’s time to throw that naive assumption out the window.

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Seven Questions to Answer Before You Retire

Prairie Eco-Thrifter

These are the questions I asked my self prior to retiring from a six figure income with bonus’s and stock options in the midst of the recent great recession! I was lucky on the health, dental and vision insurance, as my spouse’s plan covers me as well. Please note that I am not any kind of retirement specialist. Sweet deal.

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Green Investing Tips: How To Place Your Dollar In Conscious Companies

Prairie Eco-Thrifter

With our national recession seeming to lift ever so slightly, many Americans are curious about the best means to invest after four years of market-shyness. Google’s phenomenal growth since its pre-recession IPO has slowed little, and the company continues to be an exceptionally strong holding to this day. Finance and Insurance.

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Should YOU Buy a Boat?

Prairie Eco-Thrifter

These will include things such as insurance, property taxes, gasoline (to get to the lake and to boat on the lake), maintenance, boat slip fees and storage fees in off season. During the great recession, I’ve heard that folks were just dumping their boats in isolated waterways – to avoid those ongoing costs.

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10 Best Low-Risk Investments In April 2024

Savings Corner

Even as inflation comes down and the Federal Reserve’s tightening cycle looks like it’s about to end , the economy still faces the risk of a recession. Most accounts are government-insured up to $250,000 per account type per bank, so you’ll be compensated even if the financial institution fails.

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