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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. Use a savings account to pay down debts. A few dollars here and there seems harmless.

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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. It was a very scary time for us. An emergency fund is NOT a spending account.

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How to Build your Emergency Fund

Family Balance Sheet

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. With little money in their bank accounts, these Americans couldn’t afford these unfortunate expenses without using a credit card or maybe relying on a loan from family and friends.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

It was a scary time for us. What got us through.our emergency fund. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. An emergency fund is really a necessity account. It was a life saver, a sanity saver and a marriage saver.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We had a toddler and a baby on the way and our business was heading south–it was a scary time for us. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. When an emergency happens, you use your emergency fund, instead of your credit card.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

For example, language teachers and stock-picking advice may use this model. You’ll need to be an expert on a specific topic, but the topic could be niche and use some special skills or abilities that very few offer but that many readers need. The platform then pays you every time someone uses your photo.

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