In tough times, Identify and prioritize crucial expenses like housing, food, and health care.
Create a realistic budget to manage your spending and cut unnecessary expenses.
Save money for unexpected expenses to provide a financial safety net during difficult times.
Some people have done that before the hard times come and I think that's actually better than us doing it when the hard times come. Even though it's actually not bad, as long as everyone is able to do that before the hard times come, I think people who have done things like that in times that weren't hard will find it easier to do that forever. Even in difficult times because it has become his habit to cut unnecessary expenses and save money for unexpected expenses.
Explore additional income streams, such as freelancing or part-time work, to boost financial stability.
Enhance your skill set to stay competitive in the job market or explore new opportunities.
Connect with friends, colleagues, and professionals to discover potential job openings and gain valuable insights.
Adapting these strategies can help you navigate challenges and maintain financial resilience during economic downturns.
And I see that this is what many people are still doing and are currently doing in order to face challenges and maintain financial resilience during the economic crisis. However, for those who still enjoy lazing around at home or somewhere else, they certainly won't do more of the things you mentioned. Because the things you mentioned will only be done by people who are diligent and have dreams of achieving success in their lives through finances and other things.