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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. Consider strategies such as the debt snowball or avalanche methods or explore credit counseling to get a personalized action plan to attack your debt. Get ahead of a possible job loss by punching up your resume today.

Recession 100
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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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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

Today’s Debt Free Story is from Jessica. I work in Finance/Accounting for a large corporation but I have also started a company called Every Single Dollar , which focuses on personal finance for single women. I had $56,000 of debt when I decided to become debt free. What inspired you to get debt free?