Financial Planning in Slow Down/Recession

When rains forecast is bad, When economic growth forecast is for a lower number, thoughts about a slow down or recession lingers around.
Knowledge about Interinkages with IIP, Rain fall forecast, GDP forecast help us to plan ahead.
Here are some tips about how to tackle the fears.


Step 1. Separate your expenses as essential  and not so essential
Step 2. Look at expenses that can be avoided/postponed/reduced 
Step 3. Huge outlays could be checked for prudential pruning like House Construction or Buying a premium vehicle
Step 4. Keep an eye on health matters
Step 5. Consciously encourage harmonious relationship with family and business; family will save you costs attended to divorce and attended disruption in personal life; Business will improve your credit worthiness easing financial crunch- a delayed check payment may be overlooked or a prompt cash payment may attract discount in your favour-So manage your dealings with family, friends and business as well
Step 6. Plan your expenses by including allowance for increased inflation


In a nutshell Save Time, Money and Energy.

Happy Investing,