Plus, how to settle debt for ~50% of what you owe
What Is Stagflation?
Understanding this unlikely scenario
If you've been watching the news lately, you may have heard the word "stagflation." But what is it, exactly? And do we need to be worried about it? Stagflation is a term for when an economy becomes stagnant, but inflation continues to rise. It's a worst-case scenario that the U.S. already endured in the 1970s.Is that where our economy's headed again? Down into stagflation? Shortages and long lines at gas stations? It seems way too soon to panic about that — as the Daily Mint below shows, gas prices appear pretty stable. But we're fans of educating ourselves and preparing for even unlikely scenarios. We put together everything you need to know about stagflation and your wallet, but these tips are relevant for shielding your finances during any bearish economy.
This Plan Could Cut Your Debt in Half
If you’re feeling overwhelmed by credit card debt and nothing you’ve tried is working, you're not alone. A lot of people reach a point where they’re just trying to keep their head above water.
That’s where Money Management International (MMI) can step in. They’ve helped over 2.5 million people deal with debt, and their Debt Resolution Plan could help you settle what you owe for as little as 50% of your original balance.
It starts with a short, free financial assessment. If it’s a fit, you’ll work with a certified counselor who talks to your creditors for you. You’ll make one simple monthly payment while they handle the negotiations.
There’s no loan involved, no credit requirements, and you can cancel anytime without penalties. Best of all, their fees are often half of what other companies charge.
If you’ve been looking for a way out of debt, this could be the step that finally makes it happen.
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IN THIS ISSUE
What Happens to Your Debt When You Die?
Need Emergency Funds? Check Out These Strategies to Save
Have Less Than $9K in Savings? Do These Things
Dear Penny: Am I Eligible For My Deceased Partner's Social Security Benefits?
Ways To Make Money Without a Job
We don't know what happens to YOU after you die, but we do know what happens to your debt.
Learn More →
You can't predict an emergency (or a recession), but you can prepare. Here's a plan to get your emergency fund going.
