Don't take on additional debt during a recession

Money Making Sense

Don't take on additional debt during a recession

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Published on Jul 27, 2022, 1:00:00 AM
Total time: 00:26:20

Episode Description

Now is not the time to buy a new car or put purchases on credit cards.  Brian Walsh, a SoFi Financial manager, says taking on less risk is the best way to survive inflation and/or a recession.

Find out if you should prioritize building your savings account or your investments during this episode.

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More about Money Making Sense

The goal of Money Making Sense is to help you find more financial peace. Host Heather Kelly and guest experts focus on reviewing paychecks and analyzing family decisions. They also talk about vacationing on a budget, retirement savings on a limited income, reducing household expenses, the financial impact of owning pets and how money affects relationships. Money Making Sense will give you practical ideas on how to improve your bottom line. Money Making Sense is a 2017, 2018, 2020 and 2021 People's Choice Podcast Award Finalist.