You can’t control what happens in the stock market and our economy, but you can change your lifestyle, reduce debt, save more, spend less, and avoid knee-jerk investments by selling out of panic.
The potential of a recession may mean losing a job if you work in an industry susceptible to economic downturns. If so, tightening your budget and living stingy may be in order.
You’ll need to continue to pay off your debt on time, avoiding late charges. You may want to consider options depending on your finances and debt situation.