How To Prepare for a Recession, According to Finance Pros | Well+Good

First, McCreary recommends creating a budget. Don't think of it as deprivation; think of it as a tool that empowers you with more control over your money. At its most basic level, McCreary says a budget helps you understand how much money comes in and goes out each month. This information allows you to allocate your funds appropriately to achieve your financial goals and avoid overspending.

In these cases, McCreary recommends saving as much as you can, even if it’s a small amount, from each paycheck and working steadily towards your goal. One way Woroch recommends finding funds to put towards your emergency savings is by reducing your monthly living expenses. “Spend time scrutinizing your bills for services you don’t need or compare rates with competitors, as you may be able to save more by switching,” she says.

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Why Powell's speech on Friday likely matters less for stocks than a sputtering housing marketFederal Reserve Chairman Jerome Powell's Friday speech in Jackson Hole, Wyo. matters less for stocks than the housing market. Investors should pay heed to weaker U.S. economic data, including falling home prices that point to a sputtering housing market. wait, I thought we wanted prices to down? that's what the Fed is trying to do, lower prices lower inflation...right?
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »