How to save money in recession?
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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.
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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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