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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Nobody knows for sure whether we’ll see a recession or not,” said Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency. Prepare by paying off debt. Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash.

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Start Planning and Budgeting for Summer TODAY!

Family Balance Sheet

– Look for coupons on Groupon, your local coupon magazine, the Bonus Book, or the course’s website. We participated in 2 library summer programs and they hosted movie nights, summer plays, visits from the local zoo, and other fun & educational activities for all ages. Play miniature golf. Hit the tennis courts.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. The cost of college education is crushing and many parents feel compelled to assist or pay for the entire tuition. This leaves not much left to save for retirement.

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Create your debt freedom plan

Family Balance Sheet

Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. It’s time to know your numbers, and of course, I’m going to suggest you create your family’s balance sheet ;).

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5 Ways to Reduce Your Debt

Prairie Eco-Thrifter

This savings can be directly applied towards your smaller debts such as credit and store cards in order to clear them more quickly. Trying to manage your finances and prioritize on paying off debt is impossible if you don’t keep a proper track of your income and outgoing’s. Don’t hit your limit.

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