Why Biden shouldn’t let federal debt deter a spending spree

President Biden, speaking during his inauguration on Wednesday, is taking the reins of an economy poised to accelerate when the pandemic is contained. Patrick Semansky-Pool / Getty Images Text size President Joe Biden takes office at a time of momentous opportunity. With vaccinations going and more money in Americans’ pockets, …

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The Debt Pandemic – Project Syndicate

Sep 11, 2020 Although sovereign bond markets remain optimistic about the massive fiscal stimulus packages of advanced economies linked to the pandemic, much of the accumulated debt will inevitably be passed on to future generations. Given the many other risks to long-term growth, how can policymakers today best manage the …

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Parterre metro district plan with $ 189 million debt limit approved

Thornton City Council unanimously adopted a plan to finance the construction of Parterre, a 800 acre development project in the northeast corner of town. Several councilors expressed confusion over the technical details associated with the metro district plan before they all finally approved it in a meeting on February 23. …

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Brookfield Venture refinances Oakbrook Center shopping mall with a bundle of Morgan Stanley debt

The owner of the Oak Brook property, a joint venture between Toronto-based Brookfield Property Partners and a subsidiary of the California Public Employees’ Retirement System, refinanced it with a $ 319 million mortgage and a $ 156 million mezzanine loan , according to a report by Fitch. Ratings, a New …

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BRP Companies and JLL team up to finance construction of Archer towers in Jamaica, Queens

BRP companies selected JLL Capital Markets as a partner in a joint venture agreement to finance the construction of Archers Towers in Jamaica, Queens. The project is valued at $ 286 million and will produce 605 rental units and a mix of residential amenities. Located at 163-05 Archer Avenue, the …

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Senior Data Architect – Beyond Finance

About Beyond Finance Beyond Finance is an exciting next generation FinTech company headquartered in Houston with additional offices in San Diego and Chicago. We provide easy-to-use and accessible financial products that aim to improve people’s lives. As the consumer debt market continues to grow in the United States, we have …

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Aramco Exceptional Bond Sale Adds Record Gulf Debt Issue

LONDON: Saudi Aramco has started marketing a sale of dollar-denominated bonds as the world’s largest oil company joins a series of new debt sales across the Gulf. Low oil prices are encouraging companies across the region to tap into debt markets, which has already boosted bond issuance beyond last year’s …

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Saudi Ministry of Finance signs Korean $ 3 billion financing deal

Majority of young Saudis interested in tourism rather than oil and gas careers: TRSDC study RIYAD: More and more young Saudis are now interested in a career in tourism compared to other traditional industries such as petrochemicals and oil and gas, as they see the jobs related to Saudi Vision …

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Are we on the cusp of an emerging market debt crisis?

Are we on the cusp of an emerging market debt crisis? In November, the Institute of International Finance (IIF) released startling figures: The global level of debt rose by $ 15 trillion due to the cost the pandemic had inflicted on the global economy. The IIR expects global debt to …

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Egypt uses development finance to boost private sector (minister)

With Hejazi and Najdi dialects, Amazon’s Alexa becomes hyperlocal in Saudi Arabia RIYAD: Amazon has said that the new Saudi dialect version of its Alexa and Echo smart speakers goes beyond local – it’s hyperlocal. The speaker, who synchronizes with Alexa, the virtual assistant of the tech shopping giant, now …

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REC and PFC sign pact to finance hydropower project in Bhutan, Energy News, ET EnergyWorld

New Delhi: public entities REC Ltd and To be able to Financial company (PFC) have entered into a pact with the Bhutanese company Kholongchhu Hydro Energy Ltd (KHEL) to finance a 600 megawatt project hydroelectric project in Trashiyangtse in the neighboring country. KHEL is a 50/50 joint venture between SJVN …

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Debt collectors can seize money

Stimulus checks landing in millions of U.S. bank accounts are meant to help people cope with the effects of the coronavirus pandemic. But they could also help debt collectors, thanks to a loophole in the $ 2 trillion stimulus package. The problem, lawyers say, is that stimulus checks aren’t explicitly …

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Approach Debt Management With Patience | Finance

Having debt is a fact of life. According to Northwestern Mutual’s 2018 Planning and Progress Study, the average American has about $ 38,000 in personal debt, excluding mortgages. But how do you manage your debt to make sure it doesn’t suffocate you? Emily Braun, financial advisor at Edward Jones at …

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Why debt is a bigger problem for ExxonMobil than it looks

ExxonMobil (NYSE: XOM) was one of the most profitable companies in the world. At one point, he was an investor’s best friend, producing consistent positive growth. In the past years, this has been anything but. Over the past five years, the stock has fallen by around 32% and down 15% …

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Personal finance experts step in

Klarna Processing a million transactions a day, Klarna is one of the lifeblood of the Buy-It-Now industry, for Pay On-The-Go. David Sykes, Klarna’s director for the United States, said TODAY that the company is helping make shopping easier for people. While some components allow budgeting and cash flow management, many …

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UK Treasury and banks in talks on next wave of bad debt from Covid

The Treasury is in talks with the UK’s largest banks over an industry-wide plan to help deal with the tens of billions of pounds of bad debt expected under the loan scheme government ‘rebound’ against coronaviruses. Over a million of the UK’s smallest businesses borrowed £ 33 billion in just …

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Policy proposal to fight Covid-19 inequalities in student debt and financial aid

A student of the Polytechnic Institute wears a face mask during the graduation ceremony for the … [+] Academic year 2020 in Bucharest, Romania, Sunday July 12, 2020. Romania has recorded an increasing number of COVID-19 infections over the past week, with the highest levels since the start of the …

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Debt Collector Stuck in TCPA Suit Manual Text Message

Related practices and jurisdictions Tuesday, December 15, 2020 TCPAWorld remains a dangerous place for people trying to communicate with their customers using text messages. This is true even at a time when P2P SMS are more and more appreciated as a privileged contact channel. In Greiner v. Cadillac Accounts Receivable …

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Sky Williams says he owes players over $ 200,000 in debt

Sky Mansion founder Sky Williams told Insider he owed members of the esports community between $ 200,000 and $ 250,000. Williams says money is owed to around 13 people who gave him loans between 2013 and 2020. “I recognize the pain I have caused and aim to rectify it,” Williams …

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Founded with $ 50,000 in Debt, Entrepreneur Sells Digital Media Company for $ 100 Million | Business Observer

ST. PETERSBURG – The Penny Hoarder, a digital media financial advisory firm founded ten years ago by entrepreneur Kyle Taylor, who at the time was in debt of $ 50,000, was bought out for more than $ 100 million. Salt Lake City-based Clearlink, a digital marketing affiliate of Tampa-based outsourcing …

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Pandemic sends ever higher global debt and stability for generations

The United States recorded a federal budget deficit of US $ 3.1 trillion in the year ending September. The US national debt now exceeds $ 27 trillion and its debt-to-GDP ratio is nearly 130%. Australia’s is 45 percent. If the Biden administration was able to implement its proposed new pandemic …

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G7 ministers call for full implementation of G20 debt freeze (US Treasury)

WASHINGTON (Reuters) – Group of Seven finance ministers on Monday called for the full implementation of the G20 freeze on debt service payments by all official bilateral creditors, amid mounting pressure on banks and Chinese state-owned enterprises to join the relief effort. During a teleconference Monday morning, G7 ministers stressed …

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LMG Analytics: Debt issues down in the banking sector

Debt issuance in the banking and financial sector fell by 6.3% in 2020 compared to previous years, according to data provided by LMG Analytics Debt Capital Markets service. With the exception of the utilities sector, which saw a decline of around half a percentage point, all other sectors saw increased …

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How Can Minnesota Real Estate Developers Access Capital While Minimizing Risk? Structured financing

The twin cities of Minneapolis and St. Paul continue to be a very attractive market for multi-family investment due to an average subway vacancy rate of 3.1%, as well as average rental growth in January. 2019 by 5.8%, according to a recent report published by Marquette. Advisors. The Twin Cities …

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20 Indian States Have Debt Levels Above Threshold, Says RBI State Finances Report

After a period of consolidation, Indian states’ debt levels are on the rise again and could pose a challenge in the medium term, the Reserve Bank of India warned in its annual public finance survey. In addition to factors such as lower growth due to spending cuts, which could impact …

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Mutual Fund Dilemma: Should Investors Avoid Debt Funds?

The freeze of six funds by Franklin Templeton some time ago has shaken mutual fund investor confidence in debt funds. The freeze of six funds by Franklin Templeton some time ago has shaken mutual fund investor confidence in debt funds. While a recent report indicates that four of these funds …

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Ardova from Nigeria seeks debt and equity financing to increase clean energy

Nigerian downstream oil company Ardova plans to raise debt and equity funds as it seeks to shift its business model towards clean energy, CEO Olumide Adeosun told The Africa Report. The company aims to complete a capital increase in the fourth quarter of 2020 or the first quarter of 2021, …

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Business News | Stock market and stock market news | Financial news

Search for quotes, news, net asset values ​​of mutual funds A 97 (Paytm) INE982J01020, PAYTM, 543396 IRCTC INE335Y01020, IRCTC, 542830 Tata power INE245A01021, TATAPOWER, 500400 Sapphire Food INE806T01012, SAPPHIRE, 543397 TIC INE154A01025, ITC, 500875 Search for quotes, news, net asset values ​​of mutual funds A 97 (Paytm) INE982J01020, PAYTM, 543396 …

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Should the United States refuse to repay its $ 1 trillion debt to China?

The recent intensification of President Donald Trump’s hard line on China has included a wide range of policies and proposals that touch everything from student visas to soybean purchases. But most explosive could be the suggestion by some right-wing lawmakers and commentators that the country could choose to default on …

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Airline Debt – Who’s Wrong Anyway?

DURING the 1986 economic crisis that led to the collapse of Pan-El Electric in Singapore, a banker recounted how a large Malaysian corporation rejected a bailout against lenders when faced with repayment. The firm’s big boss told bankers that since the amount owed was large, it was up to the …

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Business News | Stock Market News and Shares | Financial news

Search for quotes, news, net asset values ​​of mutual funds IRCTC INE335Y01020, IRCTC, 542830 Power of Tata INE245A01021, TATAPOWER, 500400 Laxmi Bio INE576O01020, LXCHEM, 543277 IEX INE022Q01020, IEX, 540750 Tata Engines INE155A01022, TATAMOTORS, 500570 Search for quotes, news, net asset values ​​of mutual funds IRCTC INE335Y01020, IRCTC, 542830 Power of …

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Why public debt doesn’t matter right now

Countries around the world have conspired to borrow more and more money, as costs mount over dealing with the COVID-19 pandemic. Public debt is the amount of money that a treasury has borrowed, and still owes, over the years. When people talk about a deficit, they mean the amount the …

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Concern is mounting over South Korea’s debt management outlook

Concern is mounting over South Korea’s debt management outlook Even state-run think tanks are concerned about rapidly rising debt without payment resources Deputy Prime Minister and Minister of Finance Hong Nam-ki attends a parliamentary audit session on October 7, receiving questions about the government’s plan to introduce a fiscal stability …

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Artelo Biosciences Appoints Tamara A. Seymour, Director of Finance and Healthcare Industry to Board of Directors

LA JOLLA, Calif., March 09, 2021 (GLOBE NEWSWIRE) – Artelo Biosciences, Inc. (NASDAQ: ARTL), a clinical-stage biopharmaceutical company focused on developing therapies targeting lipid signaling pathways, including the endocannabinoid system, today announced the appointment of Tamara A. Seymour, CPA, to the company’s board of directors . “We are delighted to …

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Derry’s now debt-free annual financial report reveals

Chairman of the County of Derry, Stephen Barker. The financial report, which details the county’s spending for the year ending October 31, 2020, shows income for the year at £ 983,401, a total down from £ 1,330,359 for the previous 12 months, which is not surprising given the successful COVID-19 …

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urban-gro, Inc. announces US $ 6 million debt financing

LAFAYETTE, Colorado, February 21, 2020 (GLOBE NEWSWIRE) – urban-gro, Inc. (OTCQX: UGRO) (“urban-gro“or the”Society“), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cannabis grow facilities around the world, is pleased to announce today that it signed a definitive loan agreement for the provision of …

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One Stop Systems announces debt financing

ESCONDIDO, Calif., April 21, 2020 (GLOBE NEWSWIRE) – One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized high-performance advanced computing, has reached definitive agreements in a registered offering S-3 with an institutional investor for the purchase of up to $ 6 million of the Company’s senior secured convertible notes. …

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Leverage: The other side of debt

When I think of Filipino small and medium business entrepreneurs, my father is the first person that comes to mind. One night over dinner, he mentioned that an acquaintance of his had offered to finance his latest business with debt, which he refused. “Never spend money that you don’t have …

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Good news, bad news for school debt, starting salaries

The good news is that the starting salaries of veterinarians as well as the number of full-time employees in the profession are increasing. And many veterinary colleges have seen a year-over-year decrease in graduate student debt. The bad news is that about the same number of institutions have seen graduate …

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Petco, with $ 3.3 billion in debt, plans IPO

Text size A sale or IPO of Petco could value the company at $ 6 billion. Felixcasio / Dream time It’s official. Petco goes public again. San Diego society filed Thursday to raise $ 100 million. Petco has not disclosed how many shares it will offer or their price range. …

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Veterinary education debt continues to rise

Student academic debt is growing 4.5 times faster than the incomes of recent veterinary graduates, according to a presentation by Bridgette Bain, PhD, associate director of analysis at AVMA. Dr Bain spoke about “supply and demand in the veterinary education market” at the AVMA’s annual economic summit, which was held …

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SoftBank attacks Moody’s after downgrading its debt

Receive free updates from SoftBank Group Corp We will send you a MyFT Daily Summary e-mail gathering the latest news from SoftBank Group Corp each morning. SoftBank has asked Moody’s to remove all of its bond ratings on the Japanese conglomerate, after the rating agency issued a two-notch downgrade that …

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Public debt: the generational angle

Updates on Aging Populations Sign up for myFT Daily Digest to be the first to know about aging populations. Inheritance is a word that has taken on positive connotations: the implication is that something of value is passed down from generation to generation. In wealthy societies, the debate is usually …

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Unwanted companies pose as green warriors to cut debt costs

Undesirable rated companies owned by private equity firms exploit ESG narratives to lower borrowing costs. Debt investors fear being played. To cut a chunk of its interest rates, German packaging company Kloeckner Pentaplast GmbH, owned by SVPGlobal, has pledged to use more recycled materials and add more women to senior …

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Do you have medical debt? Here is what to do

Medical debt is a common problem in the United States. Many people suffer from health problems, but they cannot pay their medical bills. Eventually, these become medical debts with which they struggle for several years. Unfortunately, neither private nor public health insurance could cover many of them. We will highlight …

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Definition of bad debt expense

What is a bad debt expense? A bad debt is recognized when admissible no longer collectible because a customer is unable to meet their obligation to pay an unpaid debt due to bankruptcy or other financial problems. Businesses that extend credit to their customers report bad debts as an allowance …

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Barcelona financial report reveals € 1.2 billion debt which includes money owed for Coutinho, De Jong and Arthur

Club post includes overview of payments required for player purchases as well as the impact of the coronavirus pandemic Barcelona have released the club’s annual financial report, revealing considerable debt resulting from the coronavirus pandemic as well as the club’s big money transfers in recent seasons. In the statement, Barcelona …

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European Debt Collection Report 2020: Analysis of the 170 largest companies in the industry – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Recovery (EUROPEAN) – Sector report” report was added to ResearchAndMarkets.com offer. The European Debt Collection Analysis provides a detailed overview of the European Debt Collection market and provides a comprehensive individual analysis of the 170 largest companies, including Kredinor SA, BAD Homburger Inkasso GmbH and Moorcroft …

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The Altus Group concludes an agreement to acquire Finance Active

Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. TORONTO, March 09, 2021 (GLOBE NEWSWIRE) – Altus Group Limited (TSX: FIA) (the “Company” or “Altus Group”), a leading provider of independent software, data solutions and advisory services to the global commercial real …

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Corporate debt sales to shrivel in 2021 after record boom

Newsletter: Not covered The most important market trends and how the best minds on Wall Street are responding to them. Delivered every day of the week. Bankers expect corporate fundraising to drop sharply next year after a record-breaking borrowing spree in 2020 that helped businesses survive the coronavirus crisis. Global …

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How Covid-19 can change the world of corporate finance

The current pandemic will see the world of corporate finance evolve increasingly beyond traditional bank lending, writes business lawyer Pauline Rigby. Prior to the outbreak in the UK, there was a growing trend towards alternative business financing coming from outside high-profile lenders. In part, this was due to alternative lenders …

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Is the United States Going Too Much in Debt?

“The 360” shows you various perspectives on the main stories and debates of the day. What is happening Negotiations in Congress on the next stimulus bill aimed at countering the economic effect of the coronavirus have collapsed amid debate over the size of the bailout. Not only is there the …

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Ecobank Global Bond Milestone | Global finance magazine

Ecobank has access to global capital markets just as Africa’s economic recovery from the pandemic is about to begin. Ecobank Transnational, the pan-African banking conglomerate, acquired a significant new investor base last month with a $ 300 million bond offering on the London Stock Exchange by its Nigerian subsidiary. The …

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Australia’s $ 1 trillion debt explosion exposed

“Disconcerting”: Australian debt explosion revealed. Source: Getty Last week’s budget lit the fuse of an economic time bomb. The Morrison government has blocked a decade or more of massive budget deficits and a never-ending increase in public debt, even though it assumes that a Covid-19 vaccine will be found next …

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Vocational schools seek to reduce student debt

Yale Daily News University President Peter Salovey announced in an email to the Yale community earlier this month that the university will focus on reducing the amount of debt held by many vocational school students. In her October 14th email, Salovey highlighted the University’s various initiatives to “consolidate” financial aid …

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3 times it made sense for me to get into debt

The financial planning community is rightly beating a big anti-debt drum. With nearly 40% of American families having more than $ 15,000 in credit card debt at interest rates above 13%, we clearly have a debt problem in our society. But when one of my non-CFP® professional colleagues recently asked …

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Heavily indebted companies pay the price

With huge daily lows and stock market recoveries alternating with dizzying frequency, it’s difficult to draw reliable conclusions about the market outlook. But some fund managers and fund managers believe the coronavirus pandemic has exposed a long-overlooked market vulnerability: high levels of corporate debt. Encouraged by the Federal Reserve’s promotion …

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The time has come for a new architecture of international debt

Almost 20 years ago, Anne Krueger, then Deputy Managing Director of the IMF, proposed an institutional mechanism for restructuring sovereign debt – a global bankruptcy regime for over-indebted governments. The controversial initiative was a response to a cascade of financial collapses in emerging economies in Asia, Mexico and Argentina. While …

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A debt crisis is not imminent

As countries, businesses and households grapple with the economic fallout from the COVID-19 pandemic, many market watchers are sounding the alarm bells about the rapid rise in global debt. And for good reason: in an acceleration of a trend of several years, the debt-to-GDP ratio of these three groups of …

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Free personal finance lessons to get better with money

In times of economic volatility, such as the current downturn from the coronavirus pandemic, many people begin to question whether they are financially prepared and able to manage their money well. Some may figure out how to budget for the first time, especially if they are worried about lose their …

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