Saving Money

A recession creates a negative domino effect that spares almost no one, even those that are financially wealthy. Whether we like it or not, money impacts every area of our lives, good or bad. During these turbulent times, there are usually massive layoffs, pay cuts, furloughs, postponed raises...

Recessions are caused when there's a decline in the gross domestic product (GDP) for multiple consecutive quarters. This creates a domino effect that causes panic which reduces consumer confidence and spending. Other factors that cause a recession are disasters, pandemics, high interest rates...

Saving money is not just about living frugally; it's about making small, impactful changes that lead to greater financial security and peace of mind. Whether you're looking to bolster your savings account, prepare for a significant investment, or simply cut down on unnecessary expenses...