As we’re heading into a financially uncertain 2024, Dana Peterson, a top economist, stresses the need for effective budgeting, reducing debt, and saving. With a possible recession on the horizon, these steps are crucial for maintaining financial health.
The first step she shares is Strategic Budgeting. Take a closer look at your weekly expenses. Find areas to trim, such as opting for lower-cost brands and reducing entertainment expenses.
Then, focus on Debt Management. As borrowing costs soar, it’s critical to lower your debt. Focus on paying off debts with the highest interest rates first to relieve financial pressure.
Dana stresses that by following this strategy, you can not just survive a tough economy, but even thrive…
