How To Navigate , an Economic Recession.<br />As many forecast the United States' <br />economy sliding into recession, what <br />can you do to prepare for it?.<br />Here are a few ways to navigate the financial instability of an economic recession.<br />Create a Plan.<br />Experts say, if possible, maintain control of <br />your life by staying on top of your finances.<br />Write a proper budget, create a savings or <br />investing plan, and make goals for earning more.<br />Be Frugal.<br />To achieve financial stability, <br />start by spending less.<br />Track your current expenses and <br />cut spending where you can.<br />Plan your meals instead of dining out, <br />cancel subscriptions you don't use, <br />and avoid shopping unnecessarily.<br />Savings.<br />A report from the U.S. Federal Reserve in 2019 found nearly 40% of Americans wouldn't be able to pay for an unexpected $400 expense.<br />Experts say if you don't have one, <br />start an emergency fund.<br />An emergency fund of $1,000 is a good place to start, but experts say to aim for <br />three months of regular wages
