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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Maliga shares several ways to prepare for a recession: Prepare a bare bones budget. Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly.

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Savings Goal Calculator – NerdWallet

Savings Corner

Whether you’ve set your sights on a new car, wedding or emergency fund, chipping away at the cost little by little can help you get there. Use our tool to start working toward your savings goal. Savings goal : The amount you want to save — whether it’s for an emergency fund, short-term goal or long-term goal.

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Set a budget and follow it consistently. The first line of defense against debt is to make a budget and keep to it. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful.

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How Much Car Can I Afford?

Savings Corner

Determining affordability requires balancing your vehicle needs and budget. How to determine how much car you can afford To set a budget for your vehicle, start by deciding what you can comfortably pay each month. Use a cost-to-own tool Beyond the monthly payment, you should consider if you can afford to maintain the vehicle.

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Savings Calculator – NerdWallet

Savings Corner

And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Then try it again with a deposit amount that fits your budget. So how do we make money?

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How to Live your Dream Life Debt Free

Prairie Eco-Thrifter

For example, if you are expecting your sales volume to escalate, even if it is really possible, exclude it in preparing your budget. Optimize online tools that generate income. If you stop smoking, you can use that money to fund your emergency fund. Remember that 1+1 equals 2 and it can never be 3. What is 10-1?

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You CAN Choose Wealth

Prairie Eco-Thrifter

Should you spend the money on that new flat screen and sound bar, or save it for the emergency fund? Use every tool at your disposal to aid your persistence. Set your financial goals together and you both will be more likely to stick to them. Weigh each decision against your financial goals. I chose wealth, so can you.