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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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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Quitting my job is one of the things being debt free has enabled us to do.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

So, in this article, we’re going to look at 10 small money mistakes that many people make, often unaware of the impact they are having on their financial security. This small money mistake has a sub-section – accepting the so-called ‘free’ credit card upgrades or new cards. It’s wasted money.

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

When it comes to money, most of us could stand to up our game a bit. That last point is a particularly worthwhile goal as worrying about money is a unique brand of distressing. Here are just helpful tips to get you on your way to better money management. It is about making sure we are being responsible and smart with our money.

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. The result is that your money will last indefinitely. Your money really can last forever.

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

Penny Pinchin' Mom

I have a bunch of lovable relatives (my nuclear family) who believe we are somehow made of money. You want people to live a quality life, and you want them to enjoy that life, and that requires some spending money. This is the kind of money that will hold you over when something unexpected happens. Who has that kind of money?