13 Steps to Recession-Proofing Your Finances

4. Don't Stop Networking

Businesses have to tighten their belts during a recession, and that could mean laying off a considerable portion of the workforce. If you find yourself without work when the economy goes south, you can still rely on your industry contacts for that light at the end of the tunnel. Company functions and parties are the perfect time to mingle with your colleagues and build a decent list of industry contacts. Don't be afraid to introduce yourself and even exchange a few business cards. Those friendly acquaintances could end up being a lifeline when work is scarce.