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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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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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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.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Not Having a Budget I know, you’ve heard it all before but have you taken action on this one yet? A budget provides you with a financial roadmap to get to where you want to be in life. A budget helps you track your finances so you know exactly where you are and whether you’re on track.

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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Despite having a strict family budget , some members of my beautiful family still try to find sneaky ways to spend more than is allocated to them at any given time. Of course, budgeting isn’t all about sucking the fun out of everyone’s existence and putting family life on hold. Do you see that total figure?

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

See a Budget as an Ally. For many of us, the word ‘budget’ leaves a bad taste in our mouth. But, budgets are not the enemy. There are lots of great sites, such as this one, that offer great tips on making budgets for all types of people and goals. Do you want to pay off a particular debt in a certain timeframe?

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

Today’s Debt Free Story is from Jessica. How much debt did you pay off? What kind of debt was it? I had $56,000 of debt when I decided to become debt free. What inspired you to get debt free? The inspiration to pay off my debt was watching my grandmother balance her checkbook.