Remove Job Loss Remove Personal Finance Remove Saving Remove Work
article thumbnail

Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

But in a recession, you’ll want to consider padding your existing savings — especially due to recent inflation that has pushed the cost of living higher. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Prepare your resume. Founded in 1987, Take Charge America, Inc.

Recession 100
article thumbnail

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

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? You are one emergency short of losing track of your finances. If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

If you are working at becoming a millionaire, perhaps you dream about the mansion you will buy and the servants you will have, the vacations you will take and the interests you will pursue. My spouse and I were that young, poor couple, sloughing away at our day jobs and scrimping and saving for years to build wealth.

Money 247
article thumbnail

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

Penny Pinchin' Mom

Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. The best approach I have found to work is to set aside a small amount at the beginning. And by then, saving will have become part of your regular routine, and you won’t bat an eye.

article thumbnail

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

Family Balance Sheet

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