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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. Get ahead of a possible job loss by punching up your resume today.

Recession 100
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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events. Water (and method of purification).

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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

You might also be entitled to assistance from services for free food or food stamps, assistance with bills or medical treatment. 2.) Apply for jobs. I realize the job market it tight, but if you are not applying, you are not likely to get a job. 6.) Find sources of free food and menu plan.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. Was there a particular event? And I cut back on lifestyle – cooking food at home, taking the bus to work vs driving and paying for parking, etc.