How to Prepare for a Recession in 2025

A recession in 2025 could impact your finances. This guide shares strategies to stay financially secure.

Why Prepare for a Recession?

Economic downturns can affect jobs and savings. Preparation ensures stability.

5 Steps to Prepare

1. Build an Emergency Fund: Save 6-12 months of expenses.
2. Reduce Debt: Pay off high-interest loans.
3. Diversify Income: Start a side hustle.
4. Invest Conservatively: Focus on stable assets like bonds.
5. Budget Tightly: Cut non-essential spending.

Frequently Asked Questions

How much should I save for a recession?

Aim for $10,000-$20,000, depending on expenses.

What’s a good side hustle?

Check our side hustle guide.

Visit Finance Grow Easy for more tips.