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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.

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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. As a result of the recession, many have resolved to forever alter the way that they conduct their household business. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Create a budget.

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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.” One of the most impactful resolutions people can make for 2023 is getting out of credit card debt. Thanks for reading!

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LearnVest Daily – Free subscription

freestuff.tv

Don’t let the concerns of recent talks of the recession cripple you. Get some tips on how to continue to enjoy life and budget, managing debt and other issues. Sign up for LearnVest Daily. Delivered to you five days a week, the LearnVest Daily is packed with money-saving tips and financial how-tos to enrich your life.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Others use them to pay off high-interest credit card debt or other bills. $16 This might help shield your budget from fluctuating-rate increases. HELOC: What is it?

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10 Money-Saving Tips For Your Wedding

Prairie Eco-Thrifter

Budget First, Plan Later. The worst thing you could possibly do is start your married life with a mountain of debt from having the wedding of your dreams. The most realistic way plan your wedding is to start with a budget that you can afford. That’s certainly true when planning for a wedding on a limited budget.

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Can You Cut Expenses by a Half Million Dollars?

Prairie Eco-Thrifter

With the advent of the Great Recession, today’s populations are re-learning frugality and expense reduction. The strategies did keep us out of debt however, and instilled in us habits of self-reliance, attitudes of ‘we can do that’ and a measure of life-long thriftiness that we might not otherwise have had.