Post
Topic
Board Economics
Re: How To Survive in a Bad Economy
by
tabas
on 21/02/2024, 17:35:27 UTC
Save money for unexpected expenses to provide a financial safety net during difficult times.
Aside from saving money and having an emergency fund. Don't forget to continue investing to assets that are easy to liquidate. Because not just with emergency funds that you're going to rely but also with assets that you have invested and there will be times that you have to liquidate them for you to survive on this bad shapes of economy. It may not be easy for most of these assets to liquidate but they're going to help in times of needs when your savings aren't enough to cover the cost for your survival.

When the economic situation worsens, it becomes very difficult to survive there.
Life is tough on that particular situation but it's going to be tougher when you haven't prepared for that when you have an idea that it is about to come. Or even you don't have idea that it is coming soon but you're not responsible for your financials, you'd definitely going to find it hard to survive at that time.