That’s a worthy goal, but in times of emergency, prioritize getting back on your feet first. Once you do, you’ll have time to address your credit scores. Make calculated money moves . Eventually, I left my apartment and moved in with roommates. I also read the post- recession climate and, in successive jobs, learned how to ask for a raise. Every year that my workload and responsibilities increased, I made a case for a higher salary. Asking is uncomfortable at first, but it gets easier. The extra money eventually paid off my debts. A recession’s impact is largely out of your control, but your reaction isn’t. With strategic steps, you can insulate yourself and create new opportunities.
The article 6 Great Recession Money Lessons That Still Apply Today was originally written by NerdWallet on August 28, 2020 and published by The Associated Press.
MELISSA LAMBARENA is a credit cards writer at NerdWallet.
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