To recession-proof your finances, start by creating a budget, building an emergency fund, diversifying investments, developing multiple income streams, and choosing a financial institution with low fees and strong customer support. Having a budget helps track expenses and identify areas to cut back in case of income loss. Aim to save 3-6 months’ worth of expenses in an emergency fund. Diversify investments to mitigate risk and consider low-cost index funds, bonds, and ETFs. Developing multiple income streams can provide stability and reduce reliance on a single employer. Choose a bank or credit union with low fees, user-friendly tools, and good interest rates. Ensure deposits are insured by the FDIC or NCUA. These strategies can help protect against financial hardship during a recession.

Read more at Yahoo Finance: This 5-Step Budgeting Plan Can Protect You From a Recession