Australia is in recession, which means now is an important time to be focus on ways to become financially secure.
By following these three golden rules you can change your relationship with money, take stock of your current financial situation and help prepare your family for what may lie ahead.
- Build an emergency fund
Youve likely heard people talk about saving for a rainy day, but building an emergency fund for your family can be very useful in helping you navigate a recession and becoming financially secure.
Virginia Marshall, CFO of SocietyOne, recommends putting money aside now to avoid the stress associated with paying any unforeseen expenses.
Try to save enough money to cover three to six months of expenses. This may help you a…
Read the full article at: https://financy.com.au/staying-financially-secure-through-a-recession/
