5 Smart Ways to Prepare Your Finances for a Recession

Recessions are like storms—you can’t stop them, but you can prepare for them. For instance, during the 2008 global financial crisis, millions lost their jobs, but those with diversified investments and emergency savings weathered the storm better. Learning from such events highlights the importance of readiness. While they might seem unpredictable, taking proactive steps to fortify your financial situation can significantly reduce their impact. Here are five smart ways to get your finances recession-ready.