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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

But in a recession, you’ll want to consider padding your existing savings — especially due to recent inflation that has pushed the cost of living higher. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Get ahead of a possible job loss by punching up your resume today.

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

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. Should you pay off debt or save? appeared first on Penny Pinchin' Mom.

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How to Overcome an Addiction Without Breaking the Bank: Key Tips to Follow

Koupon Karen

Addictions can lead to job loss, strained relationships, legal issues, and health problems, all of which come with their expenses. These changes not only help save money but also promote a healthier and more fulfilling lifestyle. Together, we’ll explore strategies for conquering addiction while being mindful of finances.

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Buying a Home With the Help of Mortgage Insurance

Prairie Eco-Thrifter

Genworth Financial for example, offers job loss protection so that you can continue to make mortgage payments if you lose your job. Would you buy a home with mortgage insurance or would you wait until you had your 20% saved? Related posts: How to Save Money on Your Home’s Mortgage.

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

Lots of little changes can add up to big results, like a fatter savings account, more contributions to retirement funds , the means to do really cool stuff and just greater peace of mind. Do you pick away at your savings for things you really don’t need? Do you hope to save a certain portion of your income each month?

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Controlling careless spending of even $5-10 a week and putting it into savings, can add up significantly over time. Many people think they have no choice in this but the reality is, most people can find small ways to cut spending so that they can put a small regular amount into savings. It’s wasted money.

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. Markets and economic conditions change as well. The market might not return what you expect each year.