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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Hatch a plan to tackle your debt, particularly high-interest balances, to help you free up more cash. Get ahead of a possible job loss by punching up your resume today. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare by paying off debt. Prepare your resume.

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How to Overcome an Addiction Without Breaking the Bank: Key Tips to Follow

Koupon Karen

Breaking free doesn’t have to be financially draining. Addictions can lead to job loss, strained relationships, legal issues, and health problems, all of which come with their expenses. Some organizations offer free or low-cost support groups and counseling services.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. After paying off the debt, she was able to quit her job to pursue her passion. I quit my job to focus on my own stuff (blogging, painting, rental property, my iPhone app, writing Kindle books, etc.). Quitting my job is one of the things being debt free has enabled us to do.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

This small money mistake has a sub-section – accepting the so-called ‘free’ credit card upgrades or new cards. Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Make establishing an emergency fund a priority.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

From a personal point of view, I much prefer living debt free. I would recommend that you have at least six months to a year’s worth of your monthly expenses saved in the event of a job loss or an unexpected emergency. It’s a question of how to ensure the gains outweigh the losses.

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Should You Accept Family Money?

Prairie Eco-Thrifter

Sometimes parents will offer temporary funding to tide the family over in times of unusual circumstances (such as job losses or extreme medical expenses, etc). In Canada, parents can give unlimited, tax free amounts to anyone anytime. Most parents are going to intervene if they see a grown child being abused in a marriage.

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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.