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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

However, reality set in on April 1st and I’m now second-guessing that we have enough money set aside, so I have set into motion some strategies to prepare for the unstable economy and any lost income ahead. April will be a “we might not have an income” month. Stop sending an extra payment to our mortgage.

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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. Dividend-paying stocks Stocks aren’t as safe as cash, savings accounts or government debt, but they’re generally less risky than high-fliers like options or futures.

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Compare Current VA Loan Rates

Savings Corner

Many factors influence the mortgage rate you’re offered, including the economy, your financial details and the lender. Existing debt: Ideally, your total amount of monthly debt obligations (including your mortgage and other loans) shouldn’t account for more than 41% of your monthly pre-tax income.

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What Is National Financial Literacy Month?

Prairie Eco-Thrifter

On March 28, 2012 the Senate passed Resolution 409 that officially recognized April as National Financial Literacy Month. Household debt stood at $13,200,000,000,000 at the end of the third quarter of 2010 (according to a 2011 ‘‘Flow of Funds’’ report by the Board of Governors of the Federal Reserve System).

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Stay the Course Financially

Prairie Eco-Thrifter

” Spending is up, but saving isn’t, according to the Bureau of Economic Analysis April 2016 news release, “Personal saving — DPI [disposable personal income] less personal outlays — was $751.1 billion in April, compared with $809.4 billion in April, compared with an increase of $30.7