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Money Matters: New Year's Spending Survey

Motherhood Moments

With the holiday season in full swing and inflation weighing on people’s finances, more than 75% of Americans expect to spend less on New Year’s plans compared to last year and 1 in 3 people are planning to make a finance-related New Year’s resolution for 2023, according to a new WalletHub survey , released today.

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Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. They asked him what would likely cause us to come out of recession. The world wide recession made us all (either of necessity or by choice) a bit more frugal.

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Why Use Cash?

Prairie Eco-Thrifter

In 2008-2009 when we had the credit crunch and recession, there was at least one day when stores were not accepting credit. Gas stations, some hotels, some restaurants are examples of places you might negotiate a cash discount. Cash is almost universally accepted. That day the entire credit system nearly collapsed.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. The FDIC shows the US national average payout for savings accounts less than $100,000 is.06%.

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Can You Cut Expenses by a Half Million Dollars?

Prairie Eco-Thrifter

With the advent of the Great Recession, today’s populations are re-learning frugality and expense reduction. According to a survey they did, at any one time about 16% of homeowners are involved in remodels. This post was written by Marie. . We were so poor that we re-used coffee grounds to make more coffee!