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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Recessions often mean layoffs and higher unemployment. It has helped more than 2 million consumers nationwide manage their personal finances and debts. Prepare your resume.

Recession 100
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How to Build your Emergency Fund

Family Balance Sheet

Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. This amount is also highly recommended by other personal finance experts. We could have easily grabbed our credit card during that miserable week, but thankfully, my husband and I had the cash.

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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. Personal Finance Whiz: Keynesian vs Hayekian Economics – The Solution To Our Recession?

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery.

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How to Build your Emergency Fund

Family Balance Sheet

Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery, but a broken TV, sweet riding boots, or the snazziest new gadget…not so much. Once your finances are in order, your goal should be to increase that number to an amount that you feel is sufficient.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery. Three to six months living expenses used to be what the personal finance experts recommended, but in today’s environment, maybe six months to a year is more prudent.