Dana Peterson, a leading economist, emphasizes the importance of budgeting, debt reduction, and saving in preparation for 2024.
With the potential of a recession looming, being financially prepared is key.
Budget Smarter
Consider adjusting your weekly spending. Simple swaps like choosing generic brands and home entertainment can greatly impact your budget, especially in the face of lingering inflation.
Focused Debt Reduction
Working towards minimizing your debts is also crucial. This might involve reevaluating loan terms or exploring ways to reduce interest rates. A lower debt burden can significantly ease financial stress during tough economic times.
