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May 13, 2022
4:23
:28
pm
Nat Gas Man
Intervention Needed
Just make sure the escrow is not more than is needed. Some are good, some are
Not. Also make sure you have all the property tax deductions you are eligible for and that the mortgage company is notified to lower your escrow amounts
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Nat Gas Man
Previous username
TXSmith
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Nat Gas Man
Joined
Apr 28, 2010
Last login
Aug 23, 2023
Total posts
53,749 (638 FO)
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Messages
Author
Time
What would you do personally to prepare for an upcoming recession?
LeslieKnope
5/13/22 3:18pm
Depends on one's circumstances. I don't anticipate having to do much at this point in my life. But 5, 10, 15 years ago
mulletino
5/13/22 3:20pm
Thanks for the helpful advice!
Odysseus
5/13/22 3:36pm
To TD to duke this out!!!
mulletino
5/13/22 3:39pm
We're in it now. Reduce your monthly nut. Get out of debt, especially floating
RugbyCoug
5/13/22 3:29pm
I will NOT reduce my monthly nut, thank you very much.
HingleMcCringleberry
5/13/22 3:31pm
Squirrel!
Cougarclaw
5/13/22 3:43pm
I would only get out of debt if you can do so without leaving yourself cash-stra
VenturaCoug
5/13/22 3:48pm
During times of inflation, isn’t debt the best investment?
basc-coug
5/13/22 4:17pm
I don’t disagree, but only if you’ve got investments you expect to grow and
VenturaCoug
5/13/22 5:41pm
Fixed price debt is good in inflation.
RugbyCoug
5/13/22 6:00pm
Put my teens up for adoption. They are the most expensive stuff we have going on
crack
5/13/22 3:29pm
I would try to find as many consulting contracts as possible for the time being and sock away all of it.
molodyets
5/13/22 3:33pm
Clamp down on spending. It happened to us once and lasted for about 10 months.
Superman21
5/13/22 3:49pm
I think in general it is better to siphon off into a set aside savings account and periodically pay down debt in chunks
molodyets
5/13/22 4:03pm
Here are some things I am preparing for a presentation I'm giving
Nat Gas Man
5/13/22 3:53pm
Except the garden is the most expensive way to get vegetables. I still do it but
LaserCoug
5/13/22 3:59pm
Do you start them from seeds? Yes starts are really expensive this year. But we
Nat Gas Man
5/13/22 4:20pm
How do you audit your mortgage?
basc-coug
5/13/22 4:21pm
Just make sure the escrow is not more than is needed. Some are good, some are
Nat Gas Man
5/13/22 4:23pm
Max out your credit cards on everything you'll need to weather the recession and then
SierraCoug
5/13/22 4:27pm
Tell big businesses not to be greedy. Also, blame Putin.
panacablue
5/13/22 4:34pm
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