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2025-05-04 01:01:26
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ The US economy has contracted for the first time in three ...



✍️ The US economy has contracted for the first time in three years, sparking concerns of a recession. Experts advise taking steps to recession-proof finances, including building an emergency fund, reducing debt, and diversifying income streams.
👉 Build an emergency fund to cover 6-12 months of essential expenses
👉 Reduce debt by avoiding long-term investments and prioritizing high-yield savings accounts
👉 Diversify income streams through side hustles or new skills
👉 Review spending habits and reallocate unnecessary expenses towards savings
👉 Consider relocating to an area with a lower cost of living or giving up a car in favor of public transportation

#business

https://s.yimg.com/ny/api/res/1.2/QFUB0JXN0QCXgZtxiJbrsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2022-12/7af71de0-8c6e-11ed-bbb7-471fd482ac08

https://finance.yahoo.com/personal-finance/banking/article/recession-proof-your-money-191330298.html

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