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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Thanks for reading!

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. Also the stress and burden of having that debt load was overwhelming and constantly on my mind.

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Personal Loans: Compare Top Lenders, Rates

Savings Corner

Consumer advocates say 36% is the highest annual percentage rate a loan can have and still be considered affordable. Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home.

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Cool Things I Read This Week

Prairie Eco-Thrifter

Reader Asks About Selling Home to Pay Off Debt – [link] I agree. How to Become an Earth Friendly Consumer [link] #. Paying Debt vs. Saving Money [link] I say pay off debt. High Cost of Being a Moron: Round 2 [link] via @ sustainlifeblog We have all made our mistakes.

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Saving Tips & Free Crediting Monitoring

For the Mommas

Nearly 46% of consumers say they typically consider making a financial resolution – up 31% since the first year of the survey in 2009. Saving more (52%), spending less (19%) and paying off debt (19%). One of the easiest and most overlooked ways to spend less is by re-evaluating your debt and improving your credit score.

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What Is A Personal Loan?

Savings Corner

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

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

Family Balance Sheet

We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) Then my husband decided to pay off his car.

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