8 Smart Ways Frugal People Are Living Like There’s Already a Recession
8 Smart Ways Frugal People Are Living Like There’s Already a Recession
July 17, 2025 Written by Emily Fowler Saving Money / Budgeting
Fears of a recession are growing louder, and many people aren’t waiting for an official announcement to make changes. Rising prices on essentials like rent, food and healthcare are already forcing tough choices, and these workers are finding ways to survive economic uncertainty long before a downturn becomes official.
According to a study from Lance Surety Bonds, people are slashing spending, picking up extra work and moving to cheaper locations to stay ahead of rising costs. Their strategies show what it really takes to recession-proof a household when paychecks can’t keep up with inflation.
Cutting Personal Spending
More than half of frontline workers (58%) have cut personal spending to the bone. Eliminating non-essential expenses is a recommended first line of defense when paychecks don’t stretch like they used to.
Picking Up Side Hustles
More than half are bringing in extra income through side gigs. They’re not alone; 41% of U.S. consumers now have supplemental income streams, according to PYMNTS, as people try to close the gap between wages and cost of living.
Dipping Into Savings Early
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