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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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Meet a Reader | JenRR from the Midwest

The Frugal Girl

Besides dealing with my sudden unemployment when my oldest child was a toddler, I was hoping to figure out a way to extend my time at home with him. The first few years after graduating, I racked up a large credit card debt and bought a new SUV that cost approximately the same as my annual salary. The same goes for things like clothes.

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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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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 With PNC reporting that the average 20-something faces $45,000 in debt, and Generation Opportunity finding a 15.9

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Stay the Course Financially

Prairie Eco-Thrifter

With interest rates so low, why not spend now, using debt, instead of waiting for inflation and higher interest rates to kick in and raise the price of goods and services. Why shouldn’t we take that overseas vacation, buy that luxury condo at the lake, get new clothes every change of season, have that spiffy new car?

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10 Reasons You’re Broke

Prairie Eco-Thrifter

Instead of investing your money in education or your 401K, your money goes to clothes, gadgets, big screen TV’s or alcohol. Sure you know you are in debt over your head. So you continue to get further in debt as you continue to spend. What is the one thing you are refusing to give up that would help you pay off your debt?

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When Should Your Teenager Get a Job?

Prairie Eco-Thrifter

My mom expected both my brother and I to find employment when we reached the legal age of 15, and enforced it by having us pay for half of our school clothes (well, the ones we wanted. She was willing to pay for less trendy, less expensive styles). We both had jobs throughout high school and I’ve never been unemployed since.

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