{"id":126,"date":"2024-01-13T17:07:11","date_gmt":"2024-01-13T17:07:11","guid":{"rendered":"https:\/\/moneytology.com\/?p=126"},"modified":"2024-01-13T17:07:14","modified_gmt":"2024-01-13T17:07:14","slug":"how-to-prepare-for-a-recession","status":"publish","type":"post","link":"https:\/\/moneytology.com\/how-to-prepare-for-a-recession\/","title":{"rendered":"How to Prepare for a Recession: Expert Strategies for Financial Resilience 2024"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/moneytology.com\/wp-content\/uploads\/2024\/01\/image-1.png\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Takeaways: How to Prepare for a Recession<\/strong><\/h3>\n\n\n\n<ul>\n<li>Build a strong emergency fund to cover essential expenses during tough times.<\/li>\n\n\n\n<li>Strategically manage and pay off high-interest debts to reduce financial strain.<\/li>\n\n\n\n<li>Diversify your income streams to mitigate vulnerability to job loss or reduced income.<\/li>\n\n\n\n<li>Safeguard your investments by diversifying your portfolio and considering a more conservative asset allocation.<\/li>\n\n\n\n<li>Create a budget and cut discretionary spending to allocate resources efficiently.<\/li>\n\n\n\n<li>Invest in continuous learning and skill development to enhance your employability.<\/li>\n\n\n\n<li>Review and optimize your insurance coverage to protect against unexpected events.<\/li>\n\n\n\n<li>Prioritize physical and mental well-being to minimize medical expenses and maintain resilience.<\/li>\n\n\n\n<li>Leverage community support and networks for mutual aid during economic challenges.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"nv-iframe-embed\"><iframe title=\"How to Prepare for A Recession in 2023\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/YdXTBq0R-fM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\">How to prepare for recession<\/figcaption><\/figure>\n\n\n\n<p>In the ever-fluctuating landscape of the global economy, preparing for a recession isn\u2019t just wise \u2013 it\u2019s a necessity. As a seasoned financial expert with over three decades of experience, I understand the complexities of economic downturns and the strategies that can help individuals and families weather the storm. In this comprehensive guide, I\u2019ll share expert insights and practical advice on how to prepare for a recession and emerge financially resilient.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Establishing a Robust Emergency Fund<\/strong><\/h2>\n\n\n\n<p>During times of economic uncertainty, having a robust emergency fund is akin to having a financial safety net. An emergency fund serves as a buffer against unexpected expenses and income loss. It\u2019s a fundamental component of financial preparedness that can provide peace of mind and financial stability during recessions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why an Emergency Fund Matters<\/strong><\/h3>\n\n\n\n<p>An emergency fund acts as a cushion, enabling you to cover essential expenses such as housing, groceries, utilities, and medical bills, even if your income takes a hit. This is particularly crucial when job security is uncertain and unexpected expenses arise. Without an emergency fund, individuals often resort to high-interest credit card debt or loans, which can exacerbate financial stress.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Aim to save at least three to six months\u2019 worth of living expenses in your emergency fund.<\/li>\n\n\n\n<li>Open a separate savings account specifically designated for your emergency fund.<\/li>\n\n\n\n<li>Regularly contribute to your emergency fund, even during periods of economic growth.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.investopedia.com\/personal-finance\/why-you-need-emergency-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Importance of an Emergency Fund<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Strategically Managing Debt<\/strong><\/h2>\n\n\n\n<p>Debt can be a significant financial burden during a recession, making effective debt management crucial. High-interest debts, such as credit card debt and personal loans, can quickly spiral out of control if left unchecked.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Paying Off High-Interest Debts<\/strong><\/h3>\n\n\n\n<p>Prioritize paying off high-interest debts as they can drain your financial resources and limit your flexibility during tough times. By reducing your debt load, you free up money that can be redirected towards essential expenses or savings.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>List all your debts along with their interest rates.<\/li>\n\n\n\n<li>Create a debt repayment plan that focuses on tackling high-interest debts first.<\/li>\n\n\n\n<li>Consider debt consolidation options if it helps lower your overall interest payments.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.nerdwallet.com\/article\/finance\/debt-snowball-vs-debt-avalanche\" target=\"_blank\" rel=\"noreferrer noopener\">Debt Snowball vs. Debt Avalanche<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Diversifying Income Streams<\/strong><\/h2>\n\n\n\n<p>Dependence on a single income source can leave you vulnerable during a recession. Exploring alternative income streams can provide financial stability and reduce the impact of a potential job loss or reduced earnings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Exploring Multiple Income Sources<\/strong><\/h3>\n\n\n\n<p>The gig economy, freelance work, and part-time jobs offer opportunities to diversify your income streams. These avenues can provide a supplemental income during a recession and create a safety net for your finances.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Assess your skills and interests to identify potential freelance or gig opportunities.<\/li>\n\n\n\n<li>Allocate time for side projects or part-time work that aligns with your expertise.<\/li>\n\n\n\n<li>Invest in skills that can make you more marketable in various industries.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2019\/02\/05\/side-gigs-and-second-jobs-are-a-norm-for-many-in-the-u-s-but-not-always-for-the-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Rise of the Gig Economy<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Safeguarding Investments<\/strong><\/h2>\n\n\n\n<p>Investment portfolios can experience heightened volatility during recessions. A well-thought-out investment strategy can help minimize risks and preserve your financial assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Diversification: Spreading Risk<\/strong><\/h3>\n\n\n\n<p>Diversifying your investment portfolio involves spreading your investments across different asset classes, industries, and geographic regions. This approach helps reduce the impact of poor performance in any single investment.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Review your investment portfolio and ensure it\u2019s diversified across stocks, bonds, real estate, and other assets.<\/li>\n\n\n\n<li>Avoid over-concentration in a single sector or industry, as this can increase risk.<\/li>\n\n\n\n<li>Consider investments that historically exhibit stability during economic downturns.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/d\/diversification.asp\" target=\"_blank\" rel=\"noreferrer noopener\">The Importance of Portfolio Diversification<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Creating a Resilient Budget<\/strong><\/h2>\n\n\n\n<p>A well-structured budget is a foundational tool for financial stability. During a recession, budgeting becomes even more critical to allocate resources effectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crafting a Budget<\/strong><\/h3>\n\n\n\n<p>Creating a budget involves analyzing your income and expenses to understand where your money is going. A budget helps you make informed decisions about spending and saving, ensuring you\u2019re prepared for changing financial circumstances.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Track your income and expenses for a few months to understand your spending patterns.<\/li>\n\n\n\n<li>Categorize expenses into fixed (essential) and variable (discretionary) categories.<\/li>\n\n\n\n<li>Identify areas where you can cut back to allocate more funds towards savings or debt repayment.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.consumer.ftc.gov\/articles\/0230-making-budget\" target=\"_blank\" rel=\"noreferrer noopener\">Creating a Budget That Works for You<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. Investing in Continuous Learning<\/strong><\/h2>\n\n\n\n<p>Investing in your skills and knowledge enhances your employability and adaptability during economic uncertainties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Lifelong Learning<\/strong><\/h3>\n\n\n\n<p>Continuous learning ensures you stay relevant in a rapidly evolving job market. Acquiring new skills and knowledge can open doors to new career opportunities and industries that are more recession-resistant.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Identify skills that are in demand across industries, such as digital literacy or project management.<\/li>\n\n\n\n<li>Enroll in online courses, workshops, or certifications to enhance your skillset.<\/li>\n\n\n\n<li>Stay updated on industry trends and developments to anticipate changes in the job market.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.forbes.com\/sites\/forbeshumanresourcescouncil\/(2024)\/03\/02\/the-power-of-lifelong-learning\/?sh=14f0ea423d04\" target=\"_blank\" rel=\"noreferrer noopener\">The Power of Lifelong Learning<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Optimizing Insurance Coverage<\/strong><\/h2>\n\n\n\n<p>Insurance provides crucial financial protection during times of uncertainty, making it essential to review and optimize your coverage.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Comprehensive Insurance<\/strong><\/h3>\n\n\n\n<p>Evaluate your insurance policies, including health, disability, life, and property insurance, to ensure they adequately cover your needs. Proper coverage can prevent significant financial setbacks in the event of unexpected events.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Review your insurance policies annually to ensure they align with your current circumstances.<\/li>\n\n\n\n<li>Consider additional coverage if you have dependents or significant financial responsibilities.<\/li>\n\n\n\n<li>Understand the terms and conditions of your insurance policies to avoid surprises during claims.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.insurance.wa.gov\/why-insurance-important\" target=\"_blank\" rel=\"noreferrer noopener\">The Importance of Comprehensive Insurance<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Prioritizing Health and Well-Being<\/strong><\/h2>\n\n\n\n<p>Your physical and mental well-being play a crucial role in your financial resilience during a recession.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Health and Financial Wellness<\/strong><\/h3>\n\n\n\n<p>Prioritize maintaining good health habits and wellness practices. A healthy lifestyle can prevent medical expenses from spiraling out of control and positively impact your overall financial well-being.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Focus on regular exercise, a balanced diet, and sufficient sleep to maintain physical health.<\/li>\n\n\n\n<li>Practice stress management techniques, such as meditation and mindfulness, to safeguard mental well-being.<\/li>\n\n\n\n<li>Schedule regular check-ups and screenings to catch potential health issues early.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC3569779\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Link Between Financial and Physical Health<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>9. Leveraging Community Support<\/strong><\/h2>\n\n\n\n<p>Community support networks can provide mutual aid and assistance during economic challenges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Building a Support System<\/strong><\/h3>\n\n\n\n<p>Engage with local community initiatives, networks, and support groups. These connections can provide resources, information, and emotional support when times are tough.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Participate in local community events and groups that focus on mutual aid and assistance.<\/li>\n\n\n\n<li>Share your skills and resources within your community to foster collaboration and resilience.<\/li>\n\n\n\n<li>Leverage social media and online platforms to connect with like-minded individuals who prioritize community support.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>External Resource:<\/strong><\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.thesimpledollar.com\/financial-wellness\/community-support\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Power of Community Networks<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>10. Unique Expert Advice: Tax-Loss Harvesting<\/strong><\/h2>\n\n\n\n<p>As an expert with extensive experience, I offer you a unique strategy: tax-loss harvesting. This advanced technique involves strategically selling investments that have incurred losses to offset capital gains, ultimately reducing your tax liability. By implementing tax-loss harvesting, you can not only minimize taxes but also rebalance your portfolio to capitalize on market opportunities.<\/p>\n\n\n\n<p><strong>Action Steps:<\/strong><\/p>\n\n\n\n<ul>\n<li>Consult with a tax professional to understand the tax implications of implementing tax-loss harvesting.<\/li>\n\n\n\n<li>Review your investment portfolio and identify assets that have experienced losses.<\/li>\n\n\n\n<li>Strategically sell these assets to offset capital gains and potentially reduce your tax burden.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/moneytology.com\/wp-content\/uploads\/(2024)\/09\/image-1-1024x573.png\" alt=\"\" class=\"wp-image-5704\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">How to Prepare for a Recession \u2013 Complete Checklist:<\/h2>\n\n\n\n<ol>\n<li><strong>Emergency Fund<\/strong>: Build and maintain an emergency fund that covers at least 3-6 months of essential expenses. This fund can help you navigate financial challenges during a recession without relying on credit or loans.<\/li>\n\n\n\n<li><strong>Budgeting<\/strong>: Create a detailed budget that outlines your income, expenses, and savings goals. Trim unnecessary expenses and focus on essentials to free up funds for savings and debt reduction.<\/li>\n\n\n\n<li><strong>Reduce Debt<\/strong>: Pay off high-interest debts as much as possible. This reduces your financial burden during tough times and minimizes interest payments that can add up over time.<\/li>\n\n\n\n<li><strong>Diversify Income<\/strong>: Explore ways to diversify your income sources. Side gigs, freelance work, or part-time jobs can provide an additional buffer if your primary source of income is affected.<\/li>\n\n\n\n<li><strong>Save More<\/strong>: Increase your savings rate during periods of economic growth to accumulate a larger safety net for when times get tough.<\/li>\n\n\n\n<li><strong>Invest Wisely<\/strong>: Review your investment portfolio with a long-term perspective. Diversify your investments across different asset classes to minimize risks.<\/li>\n\n\n\n<li><strong>Cut Unnecessary Spending<\/strong>: Evaluate discretionary spending and cut back on non-essential items. Focus on needs over wants to conserve resources.<\/li>\n\n\n\n<li><strong>Reevaluate Subscriptions<\/strong>: Cancel or downgrade subscriptions you don\u2019t use frequently, such as streaming services, gym memberships, or magazine subscriptions.<\/li>\n\n\n\n<li><strong>Educate Yourself<\/strong>: Stay informed about economic trends and developments. Understanding the signs of a recession can help you make informed decisions.<\/li>\n\n\n\n<li><strong>Network and Skill Development<\/strong>: Cultivate a strong professional network and continuously improve your skills. This can enhance your employability and open up new opportunities during difficult times.<\/li>\n\n\n\n<li><strong>Review Insurance Coverage<\/strong>: Ensure you have adequate health, home, and auto insurance coverage to protect yourself from unexpected expenses.<\/li>\n\n\n\n<li><strong>Homeownership Considerations<\/strong>: If you\u2019re a homeowner, assess your mortgage and housing costs. Refinancing your mortgage to a lower rate can reduce monthly payments.<\/li>\n\n\n\n<li><strong>Food and Essentials<\/strong>: Stock up on non-perishable food items, toiletries, and other essentials when prices are stable. This can help you avoid price hikes during a recession.<\/li>\n\n\n\n<li><strong>Healthcare Planning<\/strong>: Prioritize your health by maintaining regular check-ups and addressing health concerns before they become more severe and costly.<\/li>\n\n\n\n<li><strong>Community Support<\/strong>: Connect with your local community and support systems. Sharing resources and assistance can help everyone navigate challenging times more effectively.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion: Navigating Recessions with Expert Insights<\/strong><\/h2>\n\n\n\n<p>Preparing for a recession requires a multi-faceted approach that addresses various aspects of your financial life. By building a strong emergency fund, strategically managing debt, diversifying income sources, safeguarding investments, budgeting wisely, investing in continuous learning, optimizing insurance coverage, prioritizing health and well-being, leveraging community support, and considering advanced strategies like tax-loss harvesting, you can enhance your financial resilience and emerge stronger from economic challenges. With the insights shared in this guide, you\u2019re well-equipped to navigate recessions with confidence and come out on the other side with your financial well-being intact.<\/p>\n\n\n\n<p>Remember, while these strategies provide a solid foundation, personal financial situations can vary widely. Consider consulting with a qualified financial professional before making significant financial decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>External Resources:<\/strong><\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.nerdwallet.com\/blog\/banking\/emergency-fund-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\">Emergency Fund Calculator<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.valuepenguin.com\/average-credit-card-debt\" target=\"_blank\" rel=\"noreferrer noopener\">Credit Card Debt Statistics<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookings.edu\/blog\/up-front\/2019\/04\/23\/the-gig-economy-is-larger-than-previously-thought-but-survey-data-need-improvement\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Gig Economy and Its Impact<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.schwab.com\/resource-center\/insights\/content\/reasons-to-diversify-your-portfolio\" target=\"_blank\" rel=\"noreferrer noopener\">Diversification Benefits in a Portfolio<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.nerdwallet.com\/article\/finance\/how-to-build-a-budget\" target=\"_blank\" rel=\"noreferrer noopener\">Creating a Budget that Works for You<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.skillsyouneed.com\/rhubarb\/lifelong-learning-future-employment.html\" target=\"_blank\" rel=\"noreferrer noopener\">Importance of Lifelong Learning in a Changing Job Market<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.insurance.wa.gov\/types-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">Understanding Different Types of Insurance<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.consumerfinance.gov\/about-us\/blog\/financial-health-and-wellness-part-ii\/\" target=\"_blank\" rel=\"noreferrer noopener\">Wellness and Financial Resilience<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.thebalance.com\/community-resources-that-help-in-difficult-times-4160659\" target=\"_blank\" rel=\"noreferrer noopener\">Mutual Aid and Community Support<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/t\/tax-loss-harvesting.asp\" target=\"_blank\" rel=\"noreferrer noopener\">Understanding Tax-Loss Harvesting<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: How to Prepare for a Recession In the ever-fluctuating landscape of the global economy, preparing for a recession isn\u2019t just wise \u2013 it\u2019s a necessity. As a seasoned financial expert with over three decades of experience, I understand the complexities of economic downturns and the strategies that can help individuals and families weather&hellip;&nbsp;<a href=\"https:\/\/moneytology.com\/how-to-prepare-for-a-recession\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How to Prepare for a Recession: Expert Strategies for Financial Resilience 2024<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_ti_tpc_template_sync":false,"_ti_tpc_template_id":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/posts\/126"}],"collection":[{"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/comments?post=126"}],"version-history":[{"count":2,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/posts\/126\/revisions"}],"predecessor-version":[{"id":134,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/posts\/126\/revisions\/134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/media\/132"}],"wp:attachment":[{"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/media?parent=126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/categories?post=126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneytology.com\/wp-json\/wp\/v2\/tags?post=126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}