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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.

Recession 100
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How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

Are we on our way to an actual depression (as opposed to the Great Recession)? This economic downturn is just the ticket to accomplish some of those actions. Dollar cost average that saved up cash into emerging companies that I think will flourish in the next fifty years. Hughes, Jr. Actions I Could Take to Build Family Wealth.

Recession 176
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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. personal saving rate bottomed out at around 1% in the third quarter of 2005.

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

Debt 157
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Should You Invest In A Rising Market?

Prairie Eco-Thrifter

We individual investors have all become market skittish since the recent huge recession and economic downturn. I moved my retirement savings from two company plans into an IRA. I’d rather buy stocks at a lower price and sell them at a higher one if I can. annually — and that’s quite ordinary.”. My Predicament.

Economy 187
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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Personal Finance Whiz: Keynesian vs Hayekian Economics – The Solution To Our Recession? – Two economic giants square off. They pulled us out of The Great Depression, but do they have any wisdom to offer us in our current economic situation? It can save you time and headache, and maybe even a few bucks too.

November 188
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Can You Cut Expenses by a Half Million Dollars?

Prairie Eco-Thrifter

With the advent of the Great Recession, today’s populations are re-learning frugality and expense reduction. We weren’t actually able to save the money we didn’t spend. We couldn’t save it or spend it because it was money we did not have. After the kid’s left home hubby and I saved another $84,384.