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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. As a result of the recession, many have resolved to forever alter the way that they conduct their household business.

Debt 157
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The Danger In Assuming

Prairie Eco-Thrifter

Let’s just flash back to six years ago to the burst of the housing bubble, massive unemployment, and the tumble of the stock market to crush this assumption. Unfortunately the recession of 2008 was not an isolated incident. Assumption #3: Your assets will always appreciate and your income will always rise.

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Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. They asked him what would likely cause us to come out of recession. During the long 7 years since the crisis, many people lost jobs and houses.