Motherhood Moments

JANUARY 18, 2023

As Americans assess their financial situations following a challenging year, several economic signs — including continued high interest rates and lingering inflation — are still warning of a possible recession sometime in 2023. Maliga shares several ways to prepare for a recession: Prepare a bare bones budget. Prepare your resume.

Recession 100

Recession Finance Emergency Fund Debt 100

Prairie Eco-Thrifter

JANUARY 10, 2017

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. They asked him what would likely cause us to come out of recession. The world wide recession made us all (either of necessity or by choice) a bit more frugal.

Spendthrift 100

Spendthrift Economical Consumer Recession 100

Prairie Eco-Thrifter

SEPTEMBER 30, 2013

We all have been taught that a college degree is the path to the good life, but is it still – when students are emerging with heavy debt and little chance of a lucrative job? I graduated from State U with a liberal arts degree in the early 1970s – when there was a world wide recession followed by stagflation. What are the alternatives?

College 227

College Debt Education Student 227

Savings Corner

APRIL 4, 2024

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Others use them to pay off high-interest credit card debt or other bills. $16 Debt-to-income (ratio): You’ll need an acceptable DTI to qualify for funding.

Home 52

Home Work Debt Credit 52

Prairie Eco-Thrifter

MAY 26, 2016

Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. Of course, depending on what we buy, we may experience some buyers remorse.

Money 124

Money Saving Money Lowes Grandchildren 124

Savings Corner

APRIL 4, 2024

Even as inflation comes down and the Federal Reserve’s tightening cycle looks like it’s about to end , the economy still faces the risk of a recession. The trade-off, of course, is that in lowering risk exposure, investors are likely to earn lower returns over the long run.

April 52

April Lowes CD Bank 52

Savings Corner

DECEMBER 25, 2023

Create a course One popular strategy for passive income is creating an audio or video course, then kicking back while cash rolls in from the sale of your product. Courses can be distributed and sold through sites such as Udemy, SkillShare and Coursera. Some platforms invest in equity (stock), while others invest in debt.

Money 52

Money Making Real Estate Rent 52