How to recession-proof your life amid economic uncertainty

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How to recession-proof your life amid economic uncertainty
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Economists are divided over whether a recession is looming. What's clear is that economic uncertainty isn't going away anytime soon. But there are steps you can take now to be ready for whatever is ahead.

With interest rates high, it's also not a great time to take out new loans for big expenses like cars, though experts do recommend that if you need durable goods such as vacuum cleaners, stoves or dishwashers, you buy them as soon as possible to avoid future price increases.Allen Galeon, an in-home caregiver in California, has been affected for months by the rising prices of household staples like groceries, paper towels, and gas for his commute.

“If you tell them, ‘I’m thinking of changing' or that you're shopping around, that helps — if they know you're considering leaving, they'll give you the best rate, and the goal right now is to find as much cashflow as possible," she said.

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