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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. Recessions often mean layoffs and higher unemployment. Prepare your resume.

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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

This past year my husband and I went through a period of unemployment which was tricky and when we did have employment is was casual. There are a variety of payments depending on your situation such as unemployment or parenting. 2.) Apply for jobs. You don’t know when the next job will come up.