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You are here: Home / Misc / Economy / 7 Ways to Prepare for a Financial Crisis

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7 Ways to Prepare for a Financial Crisis

By Alan Urban Leave a Comment ✓ This post may contain affiliate links*

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7 Ways to Prepare for a Financial Crisis

The Great Recession officially ended in June of 2009–over 8 years ago–and since the United States has never gone over 10 years without a recession, something tells me hard times are just around the corner. If you’re not prepared for a financial crisis, it’s time to get started. And even if there’s never another recession, you should still prepare for the possibility of a personal financial crisis.

In this video, City Prepping goes over what he calls “7 immutable prepper financial laws.” Here they are:

  1. Create a budget.
  2. Build a $1000 emergency fund.
  3. Get out of debt.
  4. Ditch credit and debit cards.
  5. Get 3 to 6 months worth of savings.
  6. Diversity what you spend money on.
  7. Invest in education & training.

Of course, there’s a little more to it than that. Watch the video below for more info.

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