Is a recession coming? It’s possible ... and scary. Everyone is wondering what will happen. Especially with inflation, gas prices, and home values going crazy.
By preparing now for a potential major downturn in the economy later this year, a recession might affect you less than others who don't prepare.
Some ideas to consider:
Get out of $10,000 or more in debt
If you have a lot of debt, getting out of it can feel stressful (and nearly impossible). Here’s the problem: the longer you put off tackling it, the harder it gets to fix. If you don’t take control of it early on, it can add undue stress to your life for years. But what if there was a way to get out of debt once and for all?
National Debt Relief could help. If you have more than $10,000 in debt from credit cards, medical bills, collections, or personal loans, their representatives might be able to assist you in consolidating your debt into one low monthly payment.
Best of all? There are zero fees until your debt is resolved, and you could be debt-free in 24-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!
Prepare for market volatility by diversifying with gold
Stock market volatility can be financially harmful, especially if you’re approaching retirement. You could park your investments in a savings account, but have you compared interest rates with inflation lately? Another option to consider — diversify with precious metals like gold and silver.
Precious metals values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.
Lear Capital is a reputable precious metals dealer that has specialized in precious metals IRAs for 25 years with over $3 billion in precious metals transactions since 1997. They have a AAA rating with the Business Consumer Alliance, and they make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA.
Lear Capital offers a free precious metals investor kit to help you learn more about why physical gold and silver could be a smart choice for diversifying your portfolio, and how the process works.
Don't let home repairs drain your bank account
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more. Not being able to make repairs could leave you in a bad situation — but a home warranty could protect you against surprise expenses.
Whether you’re a brand-new homeowner or you’ve owned your home for years, a plan from Choice Home Warranty could pick up the slack where homeowner’s insurance falls short.
If a covered system in your home breaks down, you can call their hotline 24/7 for assistance to get it repaired. They have a network of over 15,000 technicians that can assist you, making sure any issue can be taken care of swiftly — without breaking the bank.
Not sure if it’s for you? Rest easy: they were named one of the "Best Home Warranty Companies" by US News 360 Reviews and were awarded Best Company's 2020 Consumer's Choice Award. For a limited time, you can get your first month free when you sign up for a Single Payment home warranty plan.
Ask this company to pay off your tax debt
Tax debt is overwhelming. It weighs on your mind and causes massive anxiety. You end up emotionally and physically drained from it. And it’s even worse when the IRS starts calling you and sending letters about wage garnishment and huge fines.
Even if you want to pay it off, it’s scary enough to stop you from ever making progress.
Easy Tax Relief is designed specifically to help you get out of tax debt faster and could even eliminate some of the debt you owe. While most tax companies just put you on a payment plan and file your taxes for you, Easy Tax Relief communicates with the IRS for you, and can help you pay off your tax debt faster while potentially reducing what you owe.
Earn passive income by investing in real estate
Imagine earning passive income every month just by holding a little bit of money in an account. Sounds amazing, right?
With Public, you can invest in real estate-related ETFs, or exchange-traded funds. These ETFs are like buckets that hold stocks, bonds, and other assets in the real estate sector. It doesn’t always happen, but if those assets ever pay a dividend, you could earn money while you sleep.
Thanks to fractional shares, you could get a piece of some of the hottest real estate deals in these ETFs without being a millionaire. It’s one of the most affordable ways to invest in real estate and start building passive income.
BONUS: Use the code BUZZERY and Public will give you up to $300 in stock after you sign up and make a deposit into your approved account. 2
Cancel your car insurance
We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.
This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.
Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.
Pay no interest until June 2024
Imagine getting 21 billing cycles with 0% interest on a balance transfer or a big purchase. You could dramatically change your financial picture with this industry-leading low-interest card - the BankAmericard® credit card.
If you want to kick high-interest credit card debt to the curb, this is one of the best get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for 21 billing cycles for any qualifying balance transfers made in the first 60 days. Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!
It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 21 billing cycles on purchases. After the intro period for purchases and balance transfers, the APR is 14.24% - 24.24% variable.
The best part? There's no annual fee.
Take this quiz to see if you're maximizing your retirement income
Do you know if you are maximizing your retirement income? One of the best ways to find out is by speaking with a financial advisor. With the right moves and a little work, you could potentially increase your retirement income.
But there’s one problem.
Where do you even find a financial advisor? And how do you know you can trust them?
Our advice: Take this quiz. In just a few short questions, it can help you find qualified vetted financial advisors who serve your area based on their cost and specialty.
You even earn 3 free consultations with each of your matches, so you can compare them 3 and be fully prepared to pick a financial advisor that’s right for you.
Turn your home equity into cold, hard cash
If you’re a homeowner, you might have a large amount of equity in your home you could convert into cash. And you could use that money for pretty much anything … like home upgrades or paying off debt.
How? With a cash-out refinance. It’s basically swapping your current mortgage with a bigger one. And you could turn the difference between the two into cold, hard cash.
Just use this tool from New American Funding to see how much you could get. It only takes a few minutes!
New American Funding is licensed across 49 states with local branches spread out across the country. And they have a portfolio of over 235,000 loans worth more than $60 billion.
Ready to see how much money you could get? Check out your cash-out refinance rate here!
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