Recession: The Inevitable
Well, It’s 2023, and After Seeing two of the Biggest Bank in United States the Silicon Valley Bank and Signature Bank Collapsing so easily and Europe heading towards Inflation Mayhem because Of Russia Ukraine War It seems like it is Inevitable in 2023 those of you who don’t know what Recession is let me clarify that a Recession is a period of economic decline that lasts for at least six months and is marked by a decrease in economic activity, employment, and income. It can be a difficult time for both individuals and businesses. However, there are steps you ca n take to help safeguard your finances and prepare yourself for a possible economic downturn. Here are some suggestions: Reduce your expenses: One of the best ways to prepare for a recession is to reduce your expenses. Look for ways to cut back on non-essential items and prioritize your spending. Build an emergency fund: Having an emergency fund can help you weather unexpected financial hardships. Aim to save enough money to