With 2024 approaching, Dana Peterson, The Conference Board’s chief economist, advises people to be smart with their spending, reduce debt, and save up.
This strategy is especially crucial as there’s a strong chance of a recession hitting in early 2024.
Sharpen Your Budget
To make the most of your budget, Peterson suggests cutting back where you can.
Opt for generic brands at supermarkets and clothing stores, and consider less expensive entertainment like streaming movies at home instead of going to cinemas.
With the cost of living still high, these changes can make a big difference.
