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Lessons From Past Recessions

Success

For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Beef up your emergency fund.

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How to Prepare for a Recession

Success

Talk of a recession might have some people remembering the fear and hardships of the Great Recession in 2008, or even the disruption of the COVID-19 recession in 2020 , which lasted only two months. Saving six months’ worth of living expenses can seem impossible, but focus on slowly building up your savings over time.

Budget 239
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Technology of the week: Expensify

Practically Perfect PA

Expensify’s moto is “Expense reports that don’t suck!” ” Founded back in 2008 Expensify have a number of features that make processing expenses easier. Expensify enables users to import expenses directly from personal and corporate card transactions. Processing expenses does suck!

Payroll 100
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Top 5 Tips on Building a 6 Month Cash Reserve

The Small Business Blog

Add up all your monthly expenses so you can estimate how much money you will have left each month. The best tip from my point of view would be to avoid unnecessary expenses. Then try and remove or refinance the most expensive lending. Start getting into the habit of saving each week right now, at the beginning of the year.

2007 100
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What Is Zero-Based Budgeting?

Success

This sum-total approach to personal finances boasts major savings, but not for free. When you assume full responsibility for your finances, a funny thing starts to happen. It started to slowly regain popularity around the time of the 2008 recession and is now commonly used for personal finances.

Budget 246
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Small Business News World Round-up – 2009/12/08

The Small Business Blog

Senate bill won’t change small biz premiums: The Congressional Budget Office predicts the Senate health care reform bill would provide better, but more expensive, coverage in the individual insurance market, while having little impact on premiums for employer-based coverage. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!

2009 100
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An Open Letter To Our Prime Minister, David Cameron

The Small Business Blog

Thanks to the sacrifices made by many these banks now enjoy plentiful profits and bonuses – a stark contrast to those whom have financed their survival. Project and Order Financing: Banks need to be made to provide the needed finance for SME’s in order to fulfill contracts and orders. Digg Furl Netscape Yahoo!

2007 100