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Saving $, in five years using your side hustle requires a change in mindset. You may have to upgrade your skills to prepare yourself for a better job. A. Budgeting when times are good can help you save and prepare for the unforeseen—and adjusting your budget when there's a downturn can help you make it through. . Preparing for a recession · 1. Never stop hunting · 2. Become a rockstar at work · 3. Reduce as much debt as you can · 4. Get a side hustle · 5. Don't put too. How to Prepare for a Recession · Establish or increase your retirement plan contributions. · Revisit your estate plans. · Pay fewer taxes and tax-loss harvest. Review your budget: start trying to reduce your expenses as much as possible right now. · Reduce your debt: focus on paying down short-term, high-interest debt.
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