By eHow Personal Finance Editor
Rate: (27 Ratings)
An economic recession means that the economy shrinks for two quarters in a row, rather than growing or staying the same. While the idea of an economic recession brings worry to those who have never experienced a recession, it does not have to. It is important to prepare for an economic recession as best as possible to make surviving one easier. Here are some pointers to help you prepare for an economic recession.
eHow Personal Finance Editor
Comments
psaysofavril said
on 9/30/2008 Very good ideas! I also have an article for making money during a recession. Tough times.
OctoberBlue said
on 3/13/2008 Lori Williams, a strategist out of LA, has some more good recession advice on checking financial statements: http://blog.lwandassociates.com/
WriterGig said
on 3/6/2008 Good tips, thanks!
Susanh said
on 1/13/2008 My husband and I were just talking about this yesterday. It was encouraging to me to see that these ideas are all included in our plan! Thank you.
seashore said
on 1/12/2008 Great article but imagine if everyone did what you say , the economy would suffer even more since they would be holding on to their money. I say share the wealth!!!