Preparing for a recession from financial specialists:
Focus on budgeting and building an emergency fund.
Prioritize paying off high-interest debt.
Update your résumé
Get creative about saving.
If you have savings to invest, be savvy about it.
Here are some steps you can take to recession-proof your finances.
Take stock of your financial situation. Many people find the idea of making a budget scary, especially if it might also mean some lifestyle changes.
Prioritize your emergency fund.
Pay down high interest debt.
cash can be a good investment in the short term, since many recessions often don’t last too long. Cash gives you a lot of options
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