Friday, July 24, 2020

Saving During a Recession

We're constantly reminded to prepare our finances for the future, but how do we protect our hard earned money during a recession or pandemic?

Although we can't perfectly predict when the next recession or pandemic will arise, we can at least prepare.

Some ways to prepare your finances for a recession are by creating an emergency fund, living within your means, limiting your existing debt, having an emergency plan for investments, and searching for a "recession-proof" job. Although finding a new job that is safe is tough, it will help decrease the amount of stress that comes with loosing a job. These are just a few of the ways we can protect ourselves during these odd times, but the article "How to Save Money During a Recession" will go into further depth.

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