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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

But in a recession, you’ll want to consider padding your existing savings — especially due to recent inflation that has pushed the cost of living higher. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Prepare by paying off 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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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%). Consumers with better credit scores have better interest rates. Paying Off Debt.

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Cool Things I Read This Week

Prairie Eco-Thrifter

0 saves Save. 6 Ways to Save Money On a Gym Membership [link] #. 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.

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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. Consider a secured personal loan.

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Secret tips to creating an online savings budget – Is this the way to financial freedom?

freestuff.tv

Check out this guest post by Angela from Debt Consolidation Care: It needs no mention that budgets and savings play a pivotal role in assisting consumers in paying off debt. If needed, you can even create a savings account with a reputable bank and then tie that account with your salary account.

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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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