Recently, there’s been a lot of talk of a recession coming. What we do know is that it will come, but when?
Since no one can accurately predict a recession, there are many things you can do to prepare for one to ease the stress and make it a more comfortable time.
What can you do now to actively prepare for a recession?
- Lower your expenses to the absolute lowest possible.
- Find a job that is recession-proof.
- Be very intentional with how you use your money.
- Build an emergency fund that lasts for 6 months.
Recessions come and go, so know everything will be okay and the recession will eventually pass.
Here’s a list of 12 ways to save the most money during a recession. You can do this!
Take action now: Before we begin, take action now, and download the FREE Ultimate Financial Planner. Paying off debt and managing your finances can be FUN. Included is a bonus debt thermometer.