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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

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. Get ahead of a possible job loss by punching up your resume today.

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Buying a Home With the Help of Mortgage Insurance

Prairie Eco-Thrifter

It’s easy to spot in the little things; overbuying at the supermarket and then needing to throw food away, buying clothes that you never wear. Genworth Financial for example, offers job loss protection so that you can continue to make mortgage payments if you lose your job. Additional Benefits to Mortgage Insurance.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. Would I have enough to house, feed and clothe them? I used to worry about what would happen to my kids if my spouse decided to move on.

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

Family Balance Sheet

It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. Consignment stores and auctions are a great way to buy clothes and furniture at low prices. I had planned to pay it all off in 2.5