Tax rebate checks and reduced rates to prevent further recession, how do you, as an individual, prepare for an economic recession? Here’s some advice on preparing yourself and your family for economic recession, even if it is a minor recession.

Most importantly, come up with a budget and stick to it. By doing this, you can find places to cut discretionary spending. When you get your tax rebate check, use it to pay down credit card debt or store it away and start saving young.

Past studies of stimulus packages have been shown to boost the economy within two weeks as 80% of the stimulus money re-enters the economy. So don’t fret on the current recession, just remember in order for the market to gain, it has to take a setback and watch this video for more tips.

For more on this read:

How you can prepare for a recession
Preparing for economic fire and ice
How to Prepare for an Economic Recession