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15 smart money moves to make in case of a recession

The Motley Fool Logo By Christy Bieber of The Motley Fool | Slide 1 of 17: Recessions, or economic slowdowns lasting at least two consecutive quarters, are inevitable. While there are some indicators that could suggest a recession is coming, it's hard to know exactly when this type of downturn will occur.But just because you can't know exactly when the economy will take a turn for the worse doesn't mean you can't prepare your finances if you're worried this will happen sometime soon.In fact, there are lot lets of steps you could take right now in case a recession comes so that you're in the best possible position to make it through the bad times with your finances unscathed. Here are 15 of those steps to consider tackling beginning today.

Recessions can be hard to predict, but you can prepare

Recessions, or economic slowdowns lasting at least two consecutive quarters, are inevitable. While there are some indicators that could suggest a recession is coming, it's hard to know exactly when this type of downturn will occur.

But just because you can't know exactly when the economy will take a turn for the worse doesn't mean you can't prepare your finances if you're worried this will happen sometime soon.

In fact, there are lot lets of steps you could take right now in case a recession comes so that you're in the best possible position to make it through the bad times with your finances unscathed. Click ahead for 15 of those steps to consider tackling beginning today.

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