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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Emergencies constitute things like: Job loss Medical emergencies Accidents Unplanned large purchases (necessary large purchases) Natural disaster expenses You absolutely need to have this money set aside somewhere it can be easily accessed but also not within your day-to-day reach. If not, you need to get one.

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

Penny Pinchin' Mom

Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first. 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.

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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. Is now the time to put that in the market and make it grow? Are we on our way to an actual depression (as opposed to the Great Recession)?

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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

You could try bartering services such as mowing someone’s lawn in exchange for fruit and vegetables from their garden; look for wild fruit and vegetables growing around your local area; some businesses such as bakeries give away day old bread and some greengrocers give away boxes of fruit and veg that are not at their best any more.