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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. Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash.

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The Difference Between Looking Rich and Being Rich

Prairie Eco-Thrifter

They have enough money to qualify for the debt required to meet their ideas of how their lives should look. I’m going to write that again: They have enough money to qualify for the debt required to meet their ideas of how their lives should look. Their so-called wealth is actually debt. ” They make good money.

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Sustainable Living Traits To Pass On To Your Children

Prairie Eco-Thrifter

Understanding Sustainable Energy & Conserving Natural Resources In addition to our children’s own health, we want our children to maintain a healthy relationship with the world around them – within their communities, and within their relationship with their physical environment as a whole.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

Your parents did a great job at keeping you fed, clothed, sheltered, and teaching right from wrong. With PNC reporting that the average 20-something faces $45,000 in debt, and Generation Opportunity finding a 15.9 In the meantime, consider a roommate situation to pool resources and get access to better locations and larger homes.

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Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

” Jen presents 6 Free Financial Resources & Tools to Improve Your Finances posted at Master the Art of Saving , saying, “If youre interested in monitoring or improving your finances, then you probably dont want to be spending money to do it. ” Managing Debt. Here are 5 steps to painlessly become debt free.

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How Pinterest Can Save You Money

Prairie Eco-Thrifter

But did you know that Pinterest is also a fantastic resource for saving money? As with most popular sites on the web, Pinterest has become a channel for online retailers, so if I were to purchase everything that I liked exactly at the price I find it, it’s safe to say that I’d quickly be broke or worse, back in credit card debt.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Personally, I think a starter fund should be $2000-$3000.