The document provides 5 money-saving tips for surviving an economic recession: 1) have a clear budget, 2) maintain an emergency fund, 3) pay attention to interest rates, 4) live within your limits, and 5) invest in yourself through skills development. It advises creating a budget before funds run low, keeping emergency savings liquid, refinancing loans when rates are low, limiting expenses, and taking online courses to improve skills.

1. 5 MONEY-SAVING
Tips to Survive A Recession
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2. Most of us are on the verge of
falling out during the current
economic crisis. Did the current
recession hurt your business too?
Businesses are finding it difficult to
manage the during this time of
economic downturn.
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3. 1. Have a Clear View of the Budget
2. Have an Emergency Fund
3. Pay Attention to Interest Rates
4. Live Within Your Limits
5. Invest In Yourself
Here are the five money-saving tips to
survive a recession like the current one:
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4. Recession is a time when you need to plan your
budget accordingly.
Try to create a budget that will help your
business survive an economic downturn, before
you fall short of money.
Try to cut down debts to the maximum and
track your spendings.
Have a Clear View of the Budget
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5. Credit Availability will dry out when a
recession strikes. Thus, have some
emergency funds in-hand, before you
dry out of money.
Make sure that some of the money is
liquid so that you stay on your feet,
even if your business is facing a loss.
Have an Emergency Fund
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6. hello@propelguru.com +1-604-256-0821
Pay Attention to Interest Rates
Interest rates are also meant for your savings as
well. Most of the banks tend to lower their interest
rates so that people tend to borrow money.
It is also the best time to do some refinancing.
When it comes to savings, move your money to
banks which will pay you more interest especially
during this downturn.

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Live Within Your Limits
Recessions are when you understand how to
stay in your limits.
Limit your expenses and live accordingly.
Set-up a target that will finish off some of your
debts during this downturn. This way you can
create a safe position for yourself and can
handle your cash perfectly.
Have a talk with a financial advisor who will
help you out with your cash handlings.

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Invest In Yourself
Investment is a necessity in human
life. It does not only mean a financial
investment.
Invest in yourself - grow your skills
and knowledge. Take some online
courses that will improve your skills
and will help you and your business
grow.

9. Thank You!
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