Part 7/10:
The underprepared savers have a good habit of saving money but may still be unprepared for the realities of a recession. They may feel secure with moderate savings, but if they have insufficient funds to cover living expenses when income stops, their savings will dwindle quickly.
To truly recession-proof oneself, individuals should strive to save enough to cover 8 to 12 months of living expenses and engage in smart investments that outpace inflation. This robust approach creates a solid safety net, ensuring that when times get tough, savings can sustain basic needs.