Finally Frugal

OCTOBER 15, 2011

I'm working a LOT but am also making a nice dent in my student loan debt, though I've still got quite a ways to go. I hope you're all continuing to survive the recession (that supposedly ended two years ago)! I have no idea when I'll have a chance to update again, but will try at least every couple of months.

Debt 45

Debt Student Recession Frugal 45

The Frugal Girl

NOVEMBER 27, 2023

We bought our house in March 2009, during some of the worst of the recession and the housing bubble bursting. I racked up more debt to move to California, then the fancy car turned out to be a lemon, requiring a bunch of expensive repairs. Needless to say, my restaurant manager salary didn’t support the life I was trying to live.

California 180

California Car Cars College 180

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

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.

Money 124

Money Saving Money Lowes Grandchildren 124

Prairie Eco-Thrifter

MARCH 8, 2017

Some asset types do better during inflationary years, some do better in recessions. All require pruning for growth, just as your investments and debts do. Prune down debt to make way for savings to build. Pick the right mix of savings, stocks, bonds and other asset types to suit your needs, goals, and your stage of life.

Finance 133

Finance Growing Flowers and Plants Gardening 133

Prairie Eco-Thrifter

APRIL 18, 2013

The worst thing you could possibly do is start your married life with a mountain of debt from having the wedding of your dreams. With the economy the way it is and with most people affected by the recession, they will definitely understand that you want to keep costs at a minimum by having a small wedding party.

Wedding 248

Wedding Money Saving Money Budgeting 248

Finally Frugal

JANUARY 8, 2011

During the Great Recession, many of us have felt overworked and underfunded and as a result we've replaced vacations with 'staycations'. Although the article doesn't mention it, I think this extra money could enhance your health by paying for a gym membership - as long as you actually use it; Finally, how about having some well-earned fun?

Frugal 45

Frugal Spendthrift Debt Recession 45

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. Dividend-paying stocks Stocks aren’t as safe as cash, savings accounts or government debt, but they’re generally less risky than high-fliers like options or futures.

April 52

April Lowes CD Banking 52

Prairie Eco-Thrifter

OCTOBER 4, 2011

With the advent of the Great Recession, today’s populations are re-learning frugality and expense reduction. The strategies did keep us out of debt however, and instilled in us habits of self-reliance, attitudes of ‘we can do that’ and a measure of life-long thriftiness that we might not otherwise have had.

Home and Garden 198

Home and Garden Car Cars Re-use 198

Savings Corner

DECEMBER 25, 2023

Some platforms invest in equity (stock), while others invest in debt. Generally, stock offers high returns in exchange for more risk, while debt offers lower returns in exchange for less risk. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn.

Money 52

Money Making Real Estate Rent 52