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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

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

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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

This past year my husband and I went through a period of unemployment which was tricky and when we did have employment is was casual. There are a variety of payments depending on your situation such as unemployment or parenting. 2.) Apply for jobs. You don’t know when the next job will come up.

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

Family Balance Sheet

We also went through multiple job losses, surgeries, huge car repairs, etc. We asked for raises, did work on the side, got better jobs, I started a business, etc. During those 10 or so years, our incomes were all over the place. They ranged from a low of about $2,300/yr (no zeros missing there!) to a high of maybe $80,000/year.

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