E45: Five Tips for Recession-Proofing Your Finances

In this episode of Mills Knows Bills, Mills shares 5 easy to implement tips for recession-proofing your finances while the financial markets have been anything but stable over the past year. As the country and world continue to struggle with the lingering effects of the pandemic, supply chain issues, and rising inflation, many consumers are tightening their belts in anticipation of a possible recession.  In this episode, Mills lays out some basic steps that can be taken to avoid financial calamity regardless of market realities. Mills covers some of the basic tenets of budgeting while explaining why simply saving your money is not always the best way to see a maximum return on your hard earned money.  Regardless of your financial status or the status of the economy, this episode is a must listen for those wanting to put measures in place to protect themselves in the uncertain waters that we may be sailing into in the months and years to come! Topics Include: The Vital Nature of Budgets The Importance of Emergency Funds  How Insurance Can Mitigate Risk How Investing Can Outpace Inflation Follow Mills Knows Bills Website: https://www.millsknowsbills.com Instagram: https://www.instagram.com/millsknowsbills Youtube: https://www.youtube.com/millsknowsbills TikTok: https://www.tiktok.com/@millsknowsbills?lang=en LinkedIn: https://www.linkedin.com/in/ameliabender/ Facebook: https://www.facebook.com/millsknowsbills Twitter: https://twitter.com/bendermills Pinterest: https://www.pinterest.com/millsknowsbills