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How to Prepare for a Recession: 6 Money Moves Experts Say to Make Now
- Experts advise specific financial moves to help individuals prepare for a potential recession amid economic uncertainty in 2025.
- This advice follows rising concerns as businesses cut costs, delay hiring, and households face job losses and high prices increasing recession fears.
- Key recommendations include maintaining an emergency fund covering three to six months of expenses, paying down debt, and considering side income opportunities.
- Safe saving options such as high-yield savings accounts, certificates of deposit, and money market accounts offer FDIC insurance up to $250,000 and predictable returns.
- Adopting these strategies can provide financial stability during downturns, with experts emphasizing patience, calm decision-making, and ongoing adjustments to personal plans.
50 Articles
50 Articles
Daily Journal
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