An economic slowdown can happen at any time so you should be prepared for it. Here a few tips so you don’t get caught with your pants down until things get better. 1. If you are in debt, get out as quickly as possible. If you need help, see if you can consult with a financial adviser who can help set your budget for you. 2. You should also switch your bills to cheaper services. This includes electricity, gas, mobile phone, television broadband packages, insurance and maybe even your bank account.
3. There should also be cuts in daily spending. If you buy a lot in the grocery, see to it that you finish whatever there is first before you decide to replenish it. If there are items in promo, buy them instead of what you buy usually because they could be just as good or even better than what you are used to getting.