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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. An emergency fund is vital regardless of the larger economic climate. Prepare for the unexpected. Prepare by paying off debt.

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

One of the most effectual ways to secure your financial future is to invest in your education and career. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful.

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You CAN Choose Wealth

Prairie Eco-Thrifter

If you take post secondary education, consider not only what you enjoy studying, but also what you can do with the education or training you receive from the studies. Should you spend the money on that new flat screen and sound bar, or save it for the emergency fund? Choose the a career that pays.

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Savings Calculator – NerdWallet

Savings Corner

And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. The investing information provided on this page is for educational purposes only.