Remove Emergency Fund Remove Job Loss Remove Money Remove Unemployment
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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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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

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Part of that is because when you have less debt, you have more money. Your money stays yours, so you can make it work for you. We also went through multiple job losses, surgeries, huge car repairs, etc. We both were sick of money issues and the stress that goes with that. We hit everywhere in between.

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