The Importance of Having an Emergency Fund in a Recession

Alyssa: I can't help but think that these economic recessions take us back to a personal finance basics, which always brings me back to having an emergency fund. Rob: There's some good advice here for preparing for a recession; there's no need to panic. On the next episode of Stress Test, we'll talk about homerenos - spending on renovations can be more affordable and buying a place that already meets your needs.