Secrets to Recession-Proofing Your Finances
4 Experts Share Their Secrets to Recession-Proofing Your Finances
Heather Taylor Mon, June 27, 2022
Is the United States heading toward a recession?
Amid a high inflation period, many Americans are concerned about the risk and what this might mean for their personal finances. Fortunately, there are certain steps everyone can take now that will enable them to better navigate an uncertain time.
Follow these steps to prepare and recession-proof your finances.
Establish an Emergency Fund
If you have not already created an emergency fund, now is the time to start building one. An emergency fund works to help you weather the storm in the event of sudden job loss or an unforeseen major expense without resorting to liquidating retirement assets or relying on loans or high-interest credit cards.
Adam Deady, CFP and investment analyst consultant with MassMutual, said a general rule of thumb is to save at least three to six months of living expenses in a risk-free, liquid investment vehicle you can easily access. Investment recommendations include a money market account or a high-yield savings account.
Start Eliminating Unnecessary Expenses
You don’t have to wait until a recession hits to eliminate unnecessary expenses from your budget.
Deady recommends using this time to carefully review your spending habits. Then, cut back on any nonessential spending — e.g., cancel rarely used subscription services or do maintenance on your own at home instead of hiring help. You can put the money saved into your emergency fund or an investment or retirement account.
If you’re struggling to determine how much you should be saving, Brittney Castro, financial expert and Mint’s in-house CFP, recommends thinking of saving as a fixed expense and factor it into your budget.
The 50/30/20 rule can help you estimate how much you should be saving — 50% on needs, like food or rent, 30% on nonessentials and 20% on savings,” Castro said. “The most important thing is remembering to live within your means. You never want to end up in a situation where you’re stretched too thin with your finances.”
Pay Down Debt
“Paying off high-interest debt, like credit cards or student loans, should be a priority when the economy is strong,” Deady said.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/4-experts-share-secrets-recession-120004013.html
TNT:
Tishwash: Al-Moussawi: The cabinet formation is nearing completion... and the vote will take place after the Prime Minister's return.
MP Hamed Al-Moussawi confirmed that there is a determination among the various political forces to finalize the cabinet formation, noting that the Prime Minister is determined to complete it before September 30.
Al-Moussawi said that the political forces are moving towards ending this issue, indicating that the commitments made by the political parties and the accelerated discussions and meetings aim to resolve the ministerial cabinet.
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On March 1st, 1973, the Deutsche Bundesbank absorbed $2.7 billion in the first hour of trading — more than it had received in any full day in the history of the Bretton Woods system.
Karl Klasen, President of the Bundesbank, authorized the trading desk to stop buying at eleven in the morning. Every major European exchange closed its currency markets for the day.
The fixed exchange rate system that had governed international finance for twenty-seven years ended not because anyone decided to end it, but because the rate of dollar inflow exceeded the system's capacity to absorb it.
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The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
KTFA
Wednesday Night Video
FRANK26…9-9-26….CBI/ECON/HCL
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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My Fellow Americans,
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Emailed to Recaps (Thank you David)
Reset Intelligence: Dollars Before the Barrels.
By Reset Intelligence | @EXIT_FIAT
A US supermajor just agreed to pay Iraq for its oil before the oil ships.
You prepay only the supplier you trust to deliver. For 20 years, nobody prepaid Iraq. This week that changed.
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Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: HCL dominates the Iraqi news cycle today, Andy can't make it this week and Oil futures hit the 100USD mark.
MZ: On the bond side: 2 contacts have checked in….I was hoping for more.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Wed. 9 Sept. 2026
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Brent crude has crossed $100 a barrel as the Middle East conflict intensifies, creating a new inflation shock that could keep interest rates, borrowing costs and global financial stress elevated.
OVERVIEW
Brent crude has moved above $100 a barrel as the widening Middle East conflict threatens oil production, shipping routes and energy supplies.
The oil shock is already feeding into higher inflation expectations and elevated bond yields, increasing pressure on central banks to keep monetary policy tighter for longer.
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Andy Schectman joins Liberty & Finance with a stark warning that global investors are increasingly losing confidence in U.S.
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TNT:
Tishwash: With an increase of one ton, Iraq strengthens its gold reserves and continues its global progress.
Data from the World Gold Council for August 2026 showed that Iraq maintained its position among the world's largest gold holders, with an increase in its holdings compared to its last data.
According to data seen by Shafaq News Agency, Iraq’s gold reserves amounted to 175.6 tons, ranking it 28th globally, with gold constituting about 24.8% of its total reserves. The latest data for Iraq dates back to May 2026.
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KTFA
Tuesday Night Video
FRANK26…9-8-26…..OUR ECONOMIST
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Reset Intelligence: Smaller Notes Only mean One Thing
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Smaller Notes Only Mean One Thing
By Reset Intelligence | @EXIT_FIAT
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KTFA:
Clare: The Central Bank organizes a workshop on local and international blacklists.
The Banking Studies Center at the Central Bank of Iraq, in cooperation with the Anti-Money Laundering and Counter-Terrorism Financing Office, organized a workshop entitled (Local and International Sanction Lists) as part of the Center’s work plan for 2026.
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Coffee with MarkZ, Tuesday 09/08/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: Denominations smaller than 250, CBI buys more gold, elections around the world, conflict and the fallout. Joined by Lewis Herms.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
OIL BREAKS $100: ENERGY SHOCK PUSHES INFLATION, BOND YIELDS AND GLOBAL FINANCE TOWARD A NEW PRESSURE POINT
Renewed U.S.-Iran attacks on shipping have pushed Brent crude above $100 a barrel while rising bond yields add another layer of pressure to an already strained global financial system.
OVERVIEW
Oil has moved back above the psychologically important $100-per-barrel level, as renewed military attacks involving the United States and Iran threaten to further disrupt energy supplies moving through the Middle East. Brent crude remained above $100 on Thursday after reaching levels not seen since July.
The renewed energy shock is arriving at a particularly sensitive time for global financial markets. Higher oil prices can feed into transportation, manufacturing, food and consumer prices, potentially creating another wave of inflationary pressure just as central banks are trying to determine their next moves on interest rates.