How to Prepare for a Recession: 8 Things to Do Now

Learn how to prepare for a recession with 8 practical steps to build cash reserves, reduce debt, cut costs, protect income, and invest.

If you want to know how to prepare for a recession, the answer is not to predict when one will start. It is to build enough financial margin that a slowdown, layoff, or drop in income does not immediately force bad decisions. That means keeping cash accessible, reducing debt, lowering recurring bills, protecting your income, … Read more