With all the talk about an upcoming recession in 2023, now is the best time to prepare for the effects of a shrinking economy. While there may not be much you can do to influence the overall economy, there is plenty that you can do to influence your own personal finances.

• Make sure that you have an emergency fund of at least 90 days of your personal expenses in the event of employment interruption. The best way to do this is to be using YNAB.
• Sorry to those who work in restaurants & hospitality, but cut back or eliminate unneeded trips and meals out.
• Trim back or eliminate streaming services that you no longer use, sorry Netflix.
• Workouts at home were all the rage during the lockdown and may soon be again once people cut back on time spent