Surviving a Recession

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How to survive a recession: A guide for making the most of your money during a difficult time

Rounding it up

  • A recession is a period of two or more consecutive quarters where the economy shrinks rather than grows. We are likely entering a recession right now.

  • Fortunately, there are ways to mitigate recession-related damages to your finances — like managing any and all debt you may have.

  • You should also create a spending plan; set it up so you can pay your bills and make debt repayment commitments while having some wiggle room in case you need it.

  • When the economy is less than bustling, it’s crucial to build a slush fund and contribute to your longer term savings goal for when the recession ends (and don’t worry, it will end).

12 min read

Emily Keeler
#economy#recession#budgeting#saving

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