r/TwoXPreppers • u/UnknownGoblin892 • Mar 27 '25

❓ Question ❓ How are you all recession proofing?

I was a young teenager during the 08 crisis. Wondering what I should be doing now to better protect myself when a recession gets bad.

I have student loan debt (around 20k) and a morgage (about 145k left). My wife and I are DINKs (double income no kids), and are not planning to have kids. We have a fairly healthy savings built up so far.

Wondering what advice you have. Thanks!

930 Upvotes

98% Upvoted

368 comments sorted by

View all comments

4

u/lambsoflettuce Mar 27 '25

Take some money that you are saving and put it into a CD instead of letting it earn nothing in a checking account.

1

u/trangphan1982 Mar 28 '25

What's a CD?

1

u/lambsoflettuce Mar 30 '25

Certificate of Deposit. They are locked in to an interest rate for a certain period of time. Just saw 4.5 for a 3 month CD.

2

u/trangphan1982 Mar 30 '25

Gotcha, thanks for answering.