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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

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.

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Money Matters: New Year's Spending Survey

Motherhood Moments

Americans are feeling the burden of prolonged inflation, and the debate over whether we’re already in a recession or one is simply inevitable certainly is not helping to foster a positive outlook.” One of the most impactful resolutions people can make for 2023 is getting out of credit card debt. Thanks for reading!

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

HELOCs (home equity lines of credit) come with variable interest rates and fluctuating monthly payments (like credit cards). Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. HELOC: What is it?

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Why Use Cash?

Prairie Eco-Thrifter

At the time, I didn’t have credit cards so it was a valid concern. As an adult, I use both cash and credit as well as checks. If I buy anything online, I use credit. Occasionally merchants will discount the price because they don’t have to pay the credit card fees on your purchase. They had no cash.

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Meet a Reader | Megan from California

The Frugal Girl

I made some foolish choices shortly after graduating college, burning through my savings and running up credit card bills. We bought our house in March 2009, during some of the worst of the recession and the housing bubble bursting. I still remember how long it took to pay that off and never want to be there again.

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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. As a result of the recession, many have resolved to forever alter the way that they conduct their household business. While this may keep your credit in good shape, your finances will remain in shambles. Get Out of Debt…Sleep Debt That Is.

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Stay the Course Financially

Prairie Eco-Thrifter

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.