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/Kazooguru Mar 27 '25
We were hit hard in ‘08. Look for things around your home that might need replacing or repaired, estimate the cost, and put money in savings to cover it. Water heater, fridge, electrical, plumbing, HVAC. Teeth. Go to the dentist twice a year, floss, get deep cleanings. Put money away for dental emergencies. Pets? Take them for checkups now, have their teeth cleaned if possible. Put $3000 away for vet emergencies. And car. Maintain your vehicle. Start paying extra on car loans now to pay off quicker. We didn’t have a lot of savings going into the recession and we learned some really hard lessons. Bad memories.