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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. An emergency fund is vital regardless of the larger economic climate. Prepare for the unexpected.

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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

A financial advisor told me recently that the thing that really made him upset was that nearly every new client he spoke to was making the same disastrous personal finance mistakes. So let’s look at the most common personal finance mistakes and what you can do to prevent or fix them. That was me, at any rate.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

Your needs are crucial, and include things like food, water, clothes, transportation, etc. Medical emergencies, car emergencies, or family situations may arise where you need to dip into your emergency fund. Take personal finances, for example; too many people over-think their finances, with. It’s not a necessity.

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Festival of Frugality #271- 10 Movies, 10 Lessons Edition

Prairie Eco-Thrifter

posted at FIRE Finance , saying, “We decided to optimize our grocery expenses and pull the strings on our food budget even tighter. FMF presents Five Retro Rules to Save Money posted at Free Money Finance , saying, “These tips from the past can save us all some big bucks.&#.

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Ways for Busy Parents to Teach Young Children About Money

Prairie Eco-Thrifter

Keep in mind that your child is unique and may be ready to learn different things at different stages in their growth. They may start getting money for birthdays or for doing chores and may learn that they can save it, spend it and give it away. Play board and online games that teach money or finance or business concepts.

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