5 Ways to Prepare<br />for the Next Recession.<br />According to a survey by GOBankingRates,<br />68 percent of Americans do not have a<br />recession investment strategy in place.<br />Here are five ways you can think ahead<br />and prepare yourself for the next recession.<br />1. Start an Emergency Fund <br />Saving a little cash whenever possible will help you<br />accumulate a financial cushion in case you get laid off. .<br />2. Consider a Side Job<br /><br />Diversifying your income will lessen the blow to your<br />bank account if you happen to lose one of your jobs.<br />3. Pay Off Your Debts<br /><br />Pay off any credit card balances you have now<br />to avoid future interest rates, as you may not<br />have the money to do so in the future. .<br />4. Make Yourself an Indispensable Employee<br /><br />A recession means cut backs at work, so it’s important to<br />work hard and position yourself as an essential employee. .<br />5. Be Ready to Job Hunt<br /><br />Just in case you have to find a job in a pinch, make sure<br />to update your resume and build network connections
