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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

“Nobody knows for sure whether we’ll see a recession or not,” said Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency. Maliga shares several ways to prepare for a recession: Prepare a bare bones budget. Prepare by paying off debt. Prepare for the unexpected.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Fortunately, there is no one size fits all plan to debt reduction.

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Friday Links – Long Weekend Edition

Prairie Eco-Thrifter

Check them out: Good Reads From The Blogosphere: When you’re aggressively trying to pay down debt, you may feel that you’ve done all you can to curb your expenses, but have you really? Don’t miss Melissa’s post at My Personal Finance Journey if you Think You’re Sacrificing to Pay Down Debt? Think Again.

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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. Both books provided the blueprint for Our Debt Freedom Plan. Later in his plan, he recommends saving 3-6 months of expenses, but only after paying off the non-mortgage debt.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Good Financial Cents: What to Watch For With Debt Settlement Companies Considering using a debt settlement company? Here’s some tips to be wary of when trying to consolidate your debt. There are so many different ideas out there about how to do a budget and very little guidance on how to make them work in your life.

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Marriage and Money: 5 Tips To Reduce the Money Arguments

Family Balance Sheet

It could be from the stress of unemployment, a large debt load, or the amount of shoes in someone's closet; money can be an evil force in a marriage. Do you want to eliminate your credit card debt? We have an occasional squabble here and there, but I'll be very honest and upfront with you, we do not argue about money.

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