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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.

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Buying a Home With the Help of Mortgage Insurance

Prairie Eco-Thrifter

It’s easy to spot in the little things; overbuying at the supermarket and then needing to throw food away, buying clothes that you never wear. Genworth Financial for example, offers job loss protection so that you can continue to make mortgage payments if you lose your job. Additional Benefits to Mortgage Insurance.

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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. I have emergency supplies in the car, including blankets, food, flares, and First Aid. You never know when an emergency will arise. Water (and method of purification). Personal hygiene supplies.

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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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How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

Even if you aren’t invested in the market, you wonder if this will ripple down to you in the form of more job losses, higher prices, inflation, benefit reductions and belt cinching. Do I have enough food, water, heat, light and shelter to last through depression like conditions? What Should You Do In a Market Downturn?

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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. And I cut back on lifestyle – cooking food at home, taking the bus to work vs driving and paying for parking, etc. Was there a particular event?