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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Get ahead of a possible job loss by punching up your resume today. Depending on your situation, you may qualify for a debt management plan. Prepare your resume. Recessions often mean layoffs and higher unemployment.

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

Koupon Karen

Addictions can lead to job loss, strained relationships, legal issues, and health problems, all of which come with their expenses. Together, we’ll explore strategies for conquering addiction while being mindful of finances. The Cost of Addiction The cost of addiction can be both financial and emotional.

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Buying a Home With the Help of Mortgage Insurance

Prairie Eco-Thrifter

Genworth Financial for example, offers job loss protection so that you can continue to make mortgage payments if you lose your job. In addition, there are tax benefits for both first-time and seasoned homeowners. Additional Benefits to Mortgage Insurance. With some institutions, you can qualify for additional benefits and perks.

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. Markets and economic conditions change as well. The market might not return what you expect each year.

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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. You never know when an emergency will arise. In some cases, you might experience a financial emergency at the same time that you experience a natural disaster.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

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. Get rid of ones you don’t need; stopping some of these never-ending payment plans is a great way to start savings. Make establishing an emergency fund a priority.

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

You want to be able to contribute to investment accounts and build up a solid savings to get you through an emergency or unexpected job loss. It is about making sure we are being responsible and smart with our money. You just have to figure out a sensible portion—there is no magic formula.

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