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During a Recession Don’t Stop Buying These Things – Worst Things to Cut From Your Budget

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During a Recession Don’t Stop Buying These Things – Worst Things to Cut From Your Budget

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Our Rich Journey – During a Recession Don’t Stop Buying These Things – Worst Things to Cut From Your Budget: The recession is upon us and during this time, with the recession and high inflation rates, many people are looking to cut spending. And we think that’s great – you should always be looking for more ways to save during a recession OR any time during your F.I.R.E. journey! But, even during a recession, we think there are certain expenses that you just shouldn’t cut! Check out this video to learn the 7 things we think you should NOT cut during a recession!

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23 COMMENTS

  1. ▸▸▸Enroll in our 365 Days to F.I.R.E. Program: https://www.365daystofire.com/ Take part in our 365 Days to F.I.R.E. Program and develop your financial independence plan (including your stock investing plan and real estate investing plan) AND get your plans reviewed by us, attend 12 Live Q&As with us, complete daily F.I.R.E. related tasks, get assigned to a small accountability group & complete group tasks, attend our meet-ups in Portugal, participate in our FIRE related book club . . . and more!

  2. Do you all have a video on joint bank accounts? I can’t seem to find one. My husband and I are fans of the channel and recently got married and are working out the joint bank account situation.

  6. I bought my kids their zoo membership. Social activities are important and when we cut that out during Covid it was so lonely and frustrating.

    I added a new gym membership this week . It has a sauna , and a jacuzzi and I get to workout with childcare . It’s a part of me socializing !

    Insurance , important too .
    Can’t wait to do my checkups and such .

  9. I started my first full-time job in June, and I made a decision to contribute 40% of my salary to my 401(k) for multiple reasons. One being that I'm living with my parents, so I don't have to worry about expenses. Another being that I'm just hungry to get my investments up now so that I can enjoy great returns later. Finally, because the stock market is going down right now, I recognized that this is a great opportunity to be even more aggressive with my investments and buy at bargain prices. All in all, I wanted to make sure that more money was being compounded over a longer period of time, especially at the low prices that they're at right now. I was fortunate to learn not to listen to the noise on the news, and I'm looking forward to seeing what happens later on down the road with all the money that I'm putting in now.

  13. GREAT VIDEO! I do not want to live in fear. I looked forward to your video after recession news came out. Popular grocery store here in Chicago called Mariano’s has family friendly activities in store. We all like checking out their calendar and go to many of their events. Cheers! ~Elizabeth

  14. Are you sure the markets will recover and grow after this recession? This is a little different one than previous ones, this time a big part of the world won’t be using the US dollar for trade, but will switch to roubles and yuans. Isn’t it going to affect the US dollar? This is just a rational thought, you know better probably, so your opinion on this will be appreciated.

  22. I think a very common misconception with achieving fire is that you have to cut out literally everything but the essentials. I think as long as you have a plan and a budget you can still make FIRE happen. I think you still need to enjoy life and build memories while you achieve the dream

  23. Thank you for this video! Very good information. We have only 30 days left on our countdown to move to Portugal 🇵🇹 You guys have been a huge blessing to us over the past 3+ years in planning this amazing experience for our family. Obrigada por tudo que voces estão fazendo 🙏🏻💕🙏🏻

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