Budgeting as a Tool for Financial Stability: The article highlights that creating and sticking to a budget is crucial during an economic downturn, as it helps track expenses and prioritize essential spending.

The Importance of an Emergency Fund: Having an emergency fund is emphasized as a key strategy to cushion against unexpected financial shocks and provide a safety net in uncertain economic times.

Smart Investment Decisions: The article advises being cautious with investments, suggesting a diversified portfolio to mitigate risks associated with market volatility during an economic downturn.