Economists and investors have been bracing for the next recession after a decade of growth, this post contains a few tips on how to prepare for it.
. The global economy is slowing, the trade war is dragging on and all signs are starting to indicate this decade of growth will end. Though economists are unsure when it will happen, it is important to start preparing as soon as possible, especially if you are a young professional who has recently entered the work force. Here are a few ways you can start preparing for the coming recession:This is a well-worn piece of advice, even when a recession is not imminent.
All Your Worth: The Ultimate Lifetime Money Planthat clipping coupons will not help you find the money you need. She recommends looking at big-ticket items such as mortgage payments, car payments, insurance, and other high monthly expenses that dictate your finances more than what you spend on groceries or coffee. See what adjustments can be made to those payments before worrying about what you spend on avocado toast.
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