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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. An emergency fund is vital regardless of the larger economic climate.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

However, since paying off our debt, I have become a much bigger fan of the baby steps laid out by Dave Ramsey and really see the wisdom in paying off debt in that fashion. What are the top 3 – 5 ways you found money to put towards debt. I initiated paying off the debt.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Here’s some tips to be wary of when trying to consolidate your debt. Personal Finance Whiz : What Is An Emergency Fund? One of the major components of being financially fit is to have an emergency fund. They knew they needed food but it was mug night! Why Do You Need One and How Does it Work?

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

Family Balance Sheet

We had tried other methods in the past, but found this one suited us best since it forced us to focus on one goal at a time, rather than trying to do it all (pay off debt and contribute to savings and retirement). What are the top 3 – 5 ways you found money to put towards debt. What are your financial goals now?

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. – Food: groceries, meals out, school lunches. If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal.

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

Did you follow a particular debt freedom plan or book, such as Dave. Ramsey or Debt-Proof Living? emergency fund, so we started throwing what little extra we had straight. towards debt. Use all the food you have, and freeze it if you know you won’t use it up before it expires. you are debt free?

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