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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. Recessions often mean layoffs and higher unemployment.

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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. billion in March. .”

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We spent the next couple of years building our savings back up, but I am now thinking that it needs to be increased. Your wants and dreams are secondary and need to be saved for separately. Save it and forget about it.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

percent unemployment rate among 18-29 year olds , being financially savvy is a skill that gets you much farther than those humanity electives you took in college. Retirement is decades away, but it’s important to think about your savings now. ©2009-13 Saving Cents with Sense ™, a website of Saving Sense Media LLC.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

20′s Finances: Hiring a Property Manager: What it Offers You Real Estate Investments can be time consuming. Here are the ins and outs of the whole process – why you need one, how much you should have, how to save for it, where to keep it and what do to (and what not to do) with it. Do you review your finances monthly?

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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Saving Money Today: A Tree Smashed Through My Roof and I’m Lucky – I can’t believe how lucky I feel that a tree fell through my roof and did $9,000 in damage. Everything Finance: Help Your Child Open a Roth IRA – One way you can help your child save for the future is to open a Roth IRA for him. I’m a geek, he’s not.

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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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