EP 025 - ANOTHER Recession?!? Strategies On How To Cope with Candace & Jackie

With a recession looming, millennials – especially the elders – may find themselves reliving the trauma of minimal-to-no-jobs after graduation, moving back in with parents, and putting those law degrees to use…as baristas. Even with the stress and anxiety that may be present, we can’t forget that we’ve been down this road before, giving us the benefit of hindsight. What does that mean?

Jackie and Candace give each of us the pep talk we’ve been craving and remind us that any crisis is temporary. Episode 25 of the WTF! Women Talk Finance podcast is another friend-to-friend discussion where we can ask – and say – the uncomfortable things like is our budget in alignment with our spending? 

Grab a seat (or maybe pop in an earbud) and hear: 

• what fears Jackie and Candace recall from 2008
• how The Great Recession has impacted and shaped our mentality
• what silver linings came from our generation in response to the challenges that existed
• what tools and resources we have at our disposal for uncertain times
• how Candace and her spouse set themselves up for success
• when you should begin preparing for a potential recession
• the basics of budgeting
• why Candace and Jackie encourage everyone to look at investing during down times
• Candace’s focus on what she calls her “survive” and “thrive” numbers

Here's a look at the episode:

• [2:18] Recession? Let’s not panic. We repeat, DO NOT PANIC!
• [3:48] Millennials, we aren’t new here. We’ve been training for this.
• [4:16] We’ve created many things and many ways of handling tough times. Here are a few.
• [5:58] As per usual, you need to know your resources.
• [8:56] Candace shares her family’s strategy for financial stability.
• [9:55] If that’s not you, here are other options. 
• [11:50] This is probably the most important thing any of us can ever learn about money.
• [12:40] New to the budgeting world. #DontPanic
• [15:58] What’s priority #1 when it comes to money?
• [17:09] Candace again shares a tactic her family lives by, and anytime we’re talking A&E True Crime, we’re all ears.
• [18:55] The good news on recessions. 
• [19:38] Bottom line for recessions and investing…this is the time. 

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