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Best tips to survive recession

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Best tips to survive recession

S
Spicejin

3 Views • Nov 24, 2022

Description

The business is down!
There is much less movement!

Heard it multiple times?
Well, they are saying it is a recession!

So how do you deal with it?

Like this!

1- Plan B

Get a side hustle!
Paint, Write or drive a cab but have one more job!


2- Make Your Money Work For You
Invest in crypto
Stocks
Bonds
Do not let the money be idle in your bank account

3- Pay Back Debts

The rates are down in the recession so pay your loans now at better rates!

4- Needs Versus Wants

Remember the car is a need and the latest car is a want!
Know the difference and spend on needs

5- Emergency Fund

Make sure to save and deposit separately!
This is your emergency fund meant for tough times!
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