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The onset of the 2020 pandemic triggered what seemed like a brief yet severe recession. Manage your debt: Prioritize high-interest debt first, as paying down high-interest debt (such as creditcard debt) can reduce financial strain and free up funds. Also make sure to avoid new debt.
Talk of a recession might have some people remembering the fear and hardships of the Great Recession in 2008, or even the disruption of the COVID-19 recession in 2020 , which lasted only two months. One of the best things you can do to prepare for any financial downturn is to pay off your creditcard or other high-interest debt.
Budgeting and building credit are only the beginning—you also have student loans, mortgage rates and maybe even cryptocurrency and non-fungible tokens (NFTs). Meanwhile, only 21 states required a personal finance course for high school students in 2020, according to the Council for Economic Education. Google Play : 4.7.
Don’t Budget. The “down” escalator is racking up debt on high-interest rate creditcards , going into debt to buy things you don’t need, taking out payday loans, and borrowing money to invest in things that can go down in value. This article appears in the January/February 2020 issue of SUCCESS magazine and has been updated.
Before 2020, employee monitoring in a traditional office environment was pretty straightforward. Yet, the COVID-19 pandemic of 2020 threw a wrench into this tried and true system for most companies. As early as May 2020, one-third of all employees began working from home. Employee monitoring methods for remote team members.
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