As many forecast the United States' economy sliding into recession, what 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: Experts say, if possible, maintain control of your life by staying on top of your finances.<br />Write a proper budget, create a savings or investing plan, and make goals for earning more.<br />Be Frugal: To achieve financial stability, start by spending less. Track your current expenses and cut spending where you can.<br />Plan your meals instead of dining out, cancel subscriptions you don't use, and avoid shopping unnecessarily.<br />Savings: 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. Experts say if you don't have one, start an emergency fund.<br />An emergency fund of $1,000 is a good place to start, but experts say to aim for three months of regular wages.
