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economic slowdown

How to survive an Economic Slowdown

Many of us would have faced economic slowdowns in their lives. Many economists, business leaders, and experts predict economic slowdowns: some happen, but some do not happen. Strengthening your financial position is crucial during such times of economic slowdowns. Build a solid budget, boost your cash reserves, reduce debt, protect your credit, and take proactive …

Why should you track your spending?

Tracking your spending is a simple yet powerful habit that can transform your financial well-being. It’s a practice embraced by many of the wealthiest individuals, who have made monitoring every dollar a cornerstone of their financial strategy. As highlighted in The Millionaire Next Door, many millionaires are meticulous budgeters, and while you might not be …