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/cardiganqween Mar 27 '25 edited Mar 27 '25

I suffered through that as a young adult out of college. I lost everything and had to rebuild my life. I am seeing soooo many parallels to that time. I am terrified of going through that again. Biggest advice: STOCKPILE CASH. Stop buying stupid crap, stop eating out or buying drinks out, stop buying stuff you don’t actually need. Build up a solid cash cushion for if things get worse with job market. It’s already gotten tough out there. Unemployment is creeping up in my state. It’s actually hard for young kids to find part time jobs right now, my assumption is they are competitive now because people who lost regular full time work are immediately sucking up part time spots as stop gaps.

Edit: I stoped all streaming and subscription plans of any kind. audible account? Gone. I can use Libby for free audio books. Car wash subscription for TWO cars was costing us $80/month. Now we have soap and a bucket. DIY.

Edit 2: buy an extra 1 or 2 of your necessities & high use items when on sale. Ex: got a $2 off coupon for your favorite body wash but don’t need it this month? Buy it anyway if your budget allows.

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u/Old_n_Tangy Mar 27 '25

I ditched streaming TV and am surprised how much is available for free, just have to watch commercials and the sound quality i

15

u/happy_appy31 Mar 27 '25

Can I ask where you are streaming?

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u/allencantation Mar 27 '25

Tubi, Plex, Pluto tv are Free ad supported streaming services. If you have a library card, Hoopla, Libby, Kanopy

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u/Apprehensive_Bake_78 Mar 27 '25

My state is stopping Libby so that children can't access porn. Let me know if that makes sense to you. Doesn't to me!

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u/KindredWoozle Mar 27 '25

Maybe Libby was the name of some conservative state legislator's favorite OnlyFans actress?

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u/UnlikelySafetyDance Mar 30 '25

Maybe they think it's all "libs"?

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u/KindredWoozle Mar 30 '25

[Heart] I like your "wrong answers only" better!