{"id":5040,"date":"2023-03-20T16:24:52","date_gmt":"2023-03-20T16:24:52","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?p=5040"},"modified":"2024-08-27T05:30:26","modified_gmt":"2024-08-27T05:30:26","slug":"how-to-prepare-financially-for-a-recession","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/how-to-prepare-financially-for-a-recession","title":{"rendered":"How to prepare financially for a recession"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-12\">\n<p class=\"c-paragraph-3\">While recessions typically lead to increased inflation and higher unemployment levels, you shouldn\u2019t panic at the threat of a potential recession. Taking thoughtful steps to prepare yourself financially before a recession hits can help protect your finances during an economic downturn.<\/p>\n<\/p><\/div>\n<div class=\"full-bleed-image\">\n        <picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/03\/How-to-prepare-financially-for-a-recession-1600x600-1.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/03\/How-to-prepare-financially-for-a-recession-1600x600-1.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/03\/How-to-prepare-financially-for-a-recession-1600x600-1.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2023\/03\/How-to-prepare-financially-for-a-recession-1600x600-1.jpg\" alt=\"\" \/>\n    <\/picture>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Worried about the next recession? Even with rising inflation and increased unemployment rates, recessions aren\u2019t necessarily a cause for panic. Protect your wallet by learning how to prepare financially before an economic downturn.<\/p>\n","protected":false},"author":1,"featured_media":5043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-5040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to prepare financially for a recession \u2013 Microsoft 365<\/title>\n<meta name=\"description\" content=\"Prepare yourself financially for a recession using this budgeting guide. 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Find out what steps you can take to protect your finances during an economic downturn.","twitter_image":"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2023\/03\/How-to-prepare-financially-for-a-recession-800x550-1.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/how-to-prepare-financially-for-a-recession","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/how-to-prepare-financially-for-a-recession","name":"How to prepare financially for a recession \u2013 Microsoft 365","isPartOf":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website"},"datePublished":"2023-03-20T16:24:52+00:00","dateModified":"2024-08-27T05:30:26+00:00","author":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/55ca651b2ccce6c95ad8d20feac4e8fd"},"description":"Prepare yourself financially for a recession using this budgeting guide. 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