What to Do During A Recession to Maintain Your Financial Sanity

Published June 15th, 2020 by JMSCapitalGroup

In a recession, there are a lot of forces out of your control, including job loss and loss of income. Experts recommend doing the following during a recession to maintain your financial sanity: 

  • Assess your outgoing cash flow and look for places to cut back if necessary
  • Aim to build at least six months’ worth of living expenses in savings and
  • Invest in your retirement if you can.

John M. Schneider and his Pittsburgh-based team of financial advisors at JMS Capital Group can help you with wealth preservation strategies during the recession. 

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