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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. Prepare your resume.

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Savings Calculator – NerdWallet

Savings Corner

This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. If you’re able to save 20% of your take-home income each month, for example, you may be well on your way.

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10 Best Low-Risk Investments In April 2024

Savings Corner

Even as inflation comes down and the Federal Reserve’s tightening cycle looks like it’s about to end , the economy still faces the risk of a recession. That may be fine if your goal is to preserve capital and maintain a steady flow of interest income. In contrast, higher-risk investments are better suited for long-term goals.

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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? Financial Success for Young Adults: Financing a Home Modification – At some point in your life, it may be necessary to modify your home. Today I’m going to talk about getting those emergency funds going.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. Of course, depending on what we buy, we may experience some buyers remorse. Risk tolerance can dictate you save.

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