Cut your budget before the next recession

The last recession ended seven years ago: 2009.

The longest we’ve gone since 1933 between recessions was 10 years — once.

The first-quarter U.S. GDP numbers came out this week: 0.5%. Not good. Will there be a rebound? Maybe.

The recession isn’t here yet, but it’s coming. It will be better if you begin to cut expenses now, ahead of time. It might save you from panic later. When we panic, we make bad decisions.

Cutting expenses now will help you more rapidly grow your emergency fund. A bigger emergency fund reduces apprehension. It also gives you more options.

For five areas of your budget that you can begin cutting now, click the following link:

What do you think?