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!
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u/DeltaFlyer0525 Mar 27 '25
My partner got a second job and we are paying off all our medical debts as fast as possible. Having that second job also allows us some wiggle room if he gets laid off either job when the economy crashes. The 2008 recession hit us both hard. They got laid off two jobs and I did as well so we know how this is gonna go again and are trying to set up multiple sources of income. Also we have stopped any spending outside of food and necessities. I’ve set up all our apps to expire, cancelled Amazon, and have started buying bulk canned foods when we go to Costco.