Some economists have predicted that the next recession will hit before 2023. Here are some money-savvy tips to keep in mind over the next few years—no matter what’s on the financial horizon.
Build your savings. Your savings account should reflect six months worth of living expenses. This ensures you have expenses to fall back on should your employment situation change.
Get a second job. At home or part time, a second job lessens the chances of finding yourself without work.
Pay off debt. Pay now to save later. Interest payments should be kept at a minimum, and your credit score at a maximum.
Make a budget. There’s no time like the present. Reduce your expenses now, and begin saving for the proverbial rainy day.