I have been looking around and I have not found a good article of financial errors (or any sort of errors) to avoid during a recession.
Any recommendations?
I have been looking around and I have not found a good article of financial errors (or any sort of errors) to avoid during a recession.
Any recommendations?
Generally they’re going to be pretty much the same as errors to avoid *not* during a recession.
What, exactly, are you looking for?
Just keep your job and keep to your long term strategy. There isn’t much else.
Error on the side of caution(?)
Any financial guidance likely applies whether in a recession or not, just more so in a recession. Don’t spend more than you make, don’t spend frivilously, don’t over leverage yourself, do due diligence before investing, etc.
Frankly the overwhelmingly most important thing to do in a recession is keep your job.
Continue investing in your company’s 401K or Roth 401K. If you can max it out.
If you have extra money, max out and invest in a HSA.
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