“The recession has begun, brace up!” was the title of an article that got my attention, days after the year began. Although we were warned months before in 2022, this sort of news still triggers the fear of the future.
The Grim Reality
The grim reality is here. Yes, it may be true that people still have their jobs, but a majority are living from paycheck to paycheck, while others live on credit cards, and some are unemployed. Starting the year with the news of the recession is not a reassuring situation. How can one cope and survive in times like this?
Tips on how to cope with the recession
1. Planning with your earnings: According to a Forbes article, most companies are recession-proof. Some may have to lay workers off but if you still have your job, good for you. Make sure you save for a rainy day and limit spending. Every household has different needs and priorities so do what works for you.
Other ways to plan
These are more suggestions on how you can plan ahead:
1. Rent out your basement or property;
2. Update your resume;
3. Get a part-time job;
4. Develop new skills;
5. Monetize your hobby;
6. Offer delivery services; and
7. Sell products online.
2. Handle stress: These are times that can impact one’s health negatively if we do not care for ourselves. Find ways to reduce stress, and eat healthy in the most affordable way possible. Make a grocery list, use coupons, and plan meals. Taking walks, drinking lots of water, and interacting with your community would be a great help.
3. Realign your thoughts: To realign means to change or restore to a different or former position or state. Schools of thought believe that accepting dark emotions due to challenges, or bad news will improve psychological health, compared to those who avoid negative emotions. They believe we can handle negative news more than we might realize. When we process and take in our experiences, then we can let go and move on.
4. Say the right words: Words are powerful and are connected with our thoughts. Positive words can change our mood, how people react to us, and how circumstances are perceived. Saying the right words is not a denial of the challenges. According to Andrew Newberg, M.D., and Mark R. Waldman, words can change your brain. In their book, Words Can Change your Brain, it states that “A single word has the power to influence the expression of genes that regulate physical and emotional stress.”
In conclusion, we are stronger than we think. Keep your head up in the face of difficulty, you will overcome. A Persian poet, Rumi, (1207-1273) said, “Raise your words, not your voice. It is rain that grows flowers, not thunder.” I think these are words of wisdom when it comes to dealing with this recession and our government.