Personal Finance: How to Recession-Proof Your Household

Chuck's staff Certified Financial Coach Ray Longoria joins him to talk about how to thrive in these tough economic times. A recent Bloomberg report found that 80% of folks believe the economy will either stagnate or get worse over the next 12 months; only 20% believe it will get better. There may be a recession going on in America, but you CAN recession-proof your household ... and we'll tell you how! Caller - We're debt free! My husband and I paid off $30k in 2 years even though I quit my job and became a stay at home mom. Testimonial from Don (our call screener) - My daughter and son-in-law had a emergency automobile situation, but figured out how to avoid borrowing more money to replace the vehicle. He's so proud of them! Testimonial from Jason (our show engineer) - My wife and I were in a big financial mess and never talked about our money. Now after going through coaching, we've paid off over $20k, talk easily about our money ... and manage it all in about 20 minutes a month. Thanks Chuck and Ray! Caller - We owe $35k and have a household income of $75k. Where should we begin?