Economy, asked by phanianindita7396, 10 months ago

How to save money in recession?

Answers

Answered by sunyanajadhav5
1

1) Save an Emergency Fund. ...

2) Establish a Budget and Pay Down Your Debts. ...

3) Downsize to a More Frugal Lifestyle. ...

4) Diversify Your Income. ...

5) Diversify Your Investments.

Answered by SavvySharma
0

Answer:

BY FOLLOWING WE CAN SAVE MONEY IN RECESSION:

  • opt for less volatile funds.
  • avoid investing in property.
  • diversify with gold.
  • formulate debt strategies.
  • lower your expenses.
  • build an emergency funds that lasts for 6 months.
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