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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Get ahead of a possible job loss by punching up your resume today. Explore professional development opportunities and courses that can add new or enhance existing skills to improve your marketability and value to potential employers. Depending on your situation, you may qualify for a debt management plan. Prepare your resume.

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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Of course, budgeting isn’t all about sucking the fun out of everyone’s existence and putting family life on hold. By that, I mean you have created a weekly, monthly, and even annual budget, or you’ve taken the time to go through my Financial Reboot Course to give yourself an excellent chance to reign in your finances.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Of course, this concept is true whether the little things are positive or negative. Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Make establishing an emergency fund a priority.

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

You want to be able to contribute to investment accounts and build up a solid savings to get you through an emergency or unexpected job loss. This will discourage you, and when we feel discouraged, it is easy to get off course completely rather than modify the path.

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

Family Balance Sheet

We also went through multiple job losses, surgeries, huge car repairs, etc. We used my app to track our progress while we were paying off our house, and of course I ran a zillion different scenarios. Faster, of course, if you actively work on paying it off and send extra money in often. to a high of maybe $80,000/year.

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