Similarly, aBankratepoll found that seven in 10 Americans were worried about heading into a recession.
Below, she shares her top tips for getting yourself financially ready in four steps.
How to prepare for a recession
1.
Take some time to go through your statements to target monthly subscription charges that arent worth the continued expense.
McCreary encourages credit card users to pay off their balance each month to avoid accrued interest.
Aim to keep your balances below 30 percent.
chief people officer at Credit Karma
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Things tonotdo ahead of a recession
1.
Rather, consider riding it out.
When in doubt, reach out to a financial advisor before making considerable changes in your investments.
Take on more debt
Focus on decreasing your overall monthly expenses instead of adding to them.
Avoid buying high-priced items like a car that will put you in more debt, advises McCreary.
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chief people officer at Credit Karma
