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5. Start a Side Hustle

When times are tough at work, having an additional source of income can mean the difference between sleeping at night or tossing and turning over financial woes. Continue padding your savings in times of prosperity by picking up a side hustle. A part-time job or small business not only brings in extra income, but it also provides you with a safety net should your first job fall victim to recession layoffs. Whether you repair iPhones on the side or bartend on the weekends, channeling your interests or hobbies into a second income could provide a financial cushion.

A side hustle brings in extra cash svetikd / Getty Images

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