Friends With Money #58: Prepping for tough economic times

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How can we put our finances in a position to best withstand the current turbulence in the financial world?

With living costs rising and equity markets bouncing up and down, that's the big question host Tom Watson and journalist Annette Sampson delve into on this week's episode of Friends With Money. In it they discuss:

  • The importance of a budget and emergency fund
  • Expenses people can cut back on to save
  • Types of stocks investors might want to look at (and avoid)
  • Managing volatility as a retiree

friends with money podcast prepping for tough economic times

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Annette Sampson has written extensively on personal finance. She was personal editor of The Sydney Morning Herald, a former editor of the Herald's Money section, and a columnist for The Age. She has written several books.