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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.

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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. Buy real assets (such as artwork, antiques, tools and etc) at reduced prices and hold to sell later. Share tips on surviving economic downturns within the family.

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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. Budgets are also helpful tools to identify and minimize waste. So readers, how are you recovering from the recession?

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

And economic downturns can pose challenges, too. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn. Economic stress can also cause some companies to cut their dividends entirely, while diversified funds may feel less of a pinch. Power tools?

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