Prairie Eco-Thrifter

MAY 22, 2011

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. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. Create a budget.

Debt 157

Debt Recession Unemployment Budgeting 157

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

MARCH 8, 2017

Some asset types do better during inflationary years, some do better in recessions. Pick the right mix of savings, stocks, bonds and other asset types to suit your needs, goals, and your stage of life. Discuss and agree on financial goals within your family. All require pruning for growth, just as your investments and debts do.

Finance 133

Finance Growing Flowers and Plants Gardening 133

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. That may be fine if your goal is to preserve capital and maintain a steady flow of interest income. In contrast, higher-risk investments are better suited for long-term goals.

April 52

April Lowes CD Bank 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. We could take on debt to grow using other people’s money. A better road to financial freedom.

Money 124

Money Saving Money Lowes Grandchildren 124

Savings Corner

DECEMBER 25, 2023

And if you’re worried about being able to save enough of your earnings to meet your retirement goals , building wealth through passive income is a strategy that might appeal to you, too. Try Bankrate’s free AdvisorMatch service to quickly get connected to a CFP® professional who can help you achieve your financial goals.

Money 52

Money Making Real Estate Rent 52