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.
I remembered a time when I wanted to safe some money in fiat currency then I created a MFB fiat account then start my savings but along the line I encountered a very strong situations then I have to liquidate my savings just so I can help my self through my savings. So it's good to have a savings which you can liquidate because no one can predict tomorrow that's why many people who have a fixed deposit account are facing big challenges because the fixed deposit account can be liquidated. Although fixed deposit help many people that are not disciplined to save money for the raining days or help them save money that they can use to acquire some important property in future.
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.
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Exactly what's in my mind. When one is not prepared he can't afford to leave the life he or she wants, that's why one must work harder and in a smarter ways to earn a living before everything can be alright, when you can afford a 3 square meal a day that means things will continue getting harder when you don't start work sooner.