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548: 2 Money Moves We’re Making TODAY to Prepare for a Potential Recession
Manage episode 430302519 series 1900058
Are we in a recession? Are we headed for a recession? No one knows for certain, but you can never be too prepared for an economic downturn. Are you saving money? Do you have a plan in the event you lose your job? In today’s episode, we’ll help prepare you for anything that might be thrown your way!
Welcome back to the BiggerPockets Money podcast! Amidst economic uncertainty, there are two steps you must take to weather tough times: build an emergency fund and brace for a potential layoff. Today, Mindy and guest co-host Amanda Wolfe are bringing you their best money tips for getting through a recession. First, they’ll show you how to pad your emergency fund by saving hundreds on groceries each month, negotiating your bills, and eliminating unnecessary expenses from your budget. Believe it or not, it might even be time to cut back on aggressive debt paydown or extra 401(k) contributions!
Next, they’ll help you with a potential job search. You’ll learn how to get your resume seen by more employers and determine your market pay rate. But that’s not all. Stick around until the end to learn why staying with your current company—regardless of whether your job is at risk—could cost you millions of dollars over your lifetime!
In This Episode We Cover
How to get your financial house in order before an economic decline
Calculating how much money YOU need for an emergency fund
How to slash your food bill by hundreds of dollars per month
The BEST places to find money and bolster your savings
How to start preparing for a new job today (before you lose it!)
When to cut back on “extra” payments and retirement contributions
Why staying at your current job might be costing you millions of dollars
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Try Amanda’s Free Emergency Fund Calculator
Connect with Amanda on Instagram
Enjoy Ebooks and Audiobooks with Libby
Enjoy Ebooks and Audiobooks with Hoopla
Check Out Market Pay Rates with Glassdoor
See Mindy at BPCON2024 in Cancun!
00:00 Intro
02:19 Building Your
11:31 Slashing Your Grocery Bill
17:22 Negotiating Bills & Auditing Purchases
27:56 The “No-Spend” Challenge
33:52 Preparing for a New Job
42:53 Send Us Your Money Tips!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-548
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
572 פרקים
Manage episode 430302519 series 1900058
Are we in a recession? Are we headed for a recession? No one knows for certain, but you can never be too prepared for an economic downturn. Are you saving money? Do you have a plan in the event you lose your job? In today’s episode, we’ll help prepare you for anything that might be thrown your way!
Welcome back to the BiggerPockets Money podcast! Amidst economic uncertainty, there are two steps you must take to weather tough times: build an emergency fund and brace for a potential layoff. Today, Mindy and guest co-host Amanda Wolfe are bringing you their best money tips for getting through a recession. First, they’ll show you how to pad your emergency fund by saving hundreds on groceries each month, negotiating your bills, and eliminating unnecessary expenses from your budget. Believe it or not, it might even be time to cut back on aggressive debt paydown or extra 401(k) contributions!
Next, they’ll help you with a potential job search. You’ll learn how to get your resume seen by more employers and determine your market pay rate. But that’s not all. Stick around until the end to learn why staying with your current company—regardless of whether your job is at risk—could cost you millions of dollars over your lifetime!
In This Episode We Cover
How to get your financial house in order before an economic decline
Calculating how much money YOU need for an emergency fund
How to slash your food bill by hundreds of dollars per month
The BEST places to find money and bolster your savings
How to start preparing for a new job today (before you lose it!)
When to cut back on “extra” payments and retirement contributions
Why staying at your current job might be costing you millions of dollars
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Try Amanda’s Free Emergency Fund Calculator
Connect with Amanda on Instagram
Enjoy Ebooks and Audiobooks with Libby
Enjoy Ebooks and Audiobooks with Hoopla
Check Out Market Pay Rates with Glassdoor
See Mindy at BPCON2024 in Cancun!
00:00 Intro
02:19 Building Your
11:31 Slashing Your Grocery Bill
17:22 Negotiating Bills & Auditing Purchases
27:56 The “No-Spend” Challenge
33:52 Preparing for a New Job
42:53 Send Us Your Money Tips!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-548
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
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