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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Recessions often mean layoffs and higher unemployment. It has helped more than 2 million consumers nationwide manage their personal finances and debts. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Prepare your resume.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. 20′s Finances: Hiring a Property Manager: What it Offers You Real Estate Investments can be time consuming.

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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. Personal Finance Whiz: Keynesian vs Hayekian Economics – The Solution To Our Recession? I’m a geek, he’s not.

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Stay the Course Financially

Prairie Eco-Thrifter

’ While there is some macro economic sense in consumer spending causing an impact on the country’s growth, it doesn’t necessarily play well at the individual consumer finance level. The Bureau of Labor Statistics does a survey multiple times a year, called the Consumer Expenditure Survey. Rick Cynthia E.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) I had already cut expenses to the bone early on, since experiencing a multi-year stretch of unemployment, so there wasn’t much to be done there, although I think my husband cancelled his gym membership.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

Opportunity: You’ll be able to take advantage of price differences between what you can find and what the average consumer may be able to find. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn.

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