How To Recession-Proof Your Budget

Recession-proofing your budget means strategizing and managing your spending in a way that creates a financial buffer, so that when times get tough you can pay all your bills.

Before a recession hits, make sure you review your budget, build your emergency fund, pay off debt, and consider a second source of income.

During a recession you may need to cut unnecessary expenses, negotiate with service providers and creditors, and seek government or community resources for help.

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