How to survive a recession
how to survive a recession Recessions are not nice for ordinary folk, our standards of living reduce. But we can survive and in many cases experience improvements in our lives. I recall inflation at around 25% in the seventies and we survived. In a way it has some positives, and personal debt effectively reduces in value for one. Prepare yourselves and your family for the downturn but also recognise the new opportunities, it'll teach you and you family the true value of things like the food we eat (how many take outs do we fail to enjoy or throw away large amounts of?), See "do a meals list", the clothes we wear, (and footwear🤔), short, unesacerry journeys etc. Start walking, go with them. RECOMMENDATION 1 Do yourself an honest, comprehensive and realistic budget This will help you identify what's going out and could be reduced or even stopped. It will also help if you need to ask your credits for a breather see negotiate with creditors See Re...