RECESSION- PROOF YOUR BUDGET

Many women are sole breadwinners: 42.1% of households are headed by women, according to Stats SA. The prospect of a recession can be scary, especially when you have a family to feed. Women are vulnerable to the rising costs of filling a trolley and petrol as well as increasing interest rates. For women to have true financial independence they need to take control of their money and grow it. Starting small can help create a safety net that will see you through tough times and help you thrive when conditions improve. African Bank says women can recession-proof their finances by living within their means, prioritising savings and improving their financial literacy.