Help! Surviving a downturn / Feeling hopeless Feeling pretty doomy over here and could use some level headed financial advice. Background: I (early 30s) work in the film industry, shortly after graduating from college was making $100-115k/year employed in union jobs. I bought an apartment in NYC (short sightedly financed with an ARM), survived the COVID downturn and last year’s strike fallo…

In preparation for an economic downturn, would you save or pay off all debt? If 2024 ends up being as bad as people are saying it will be, if you had debt, would you pay it off at the beginning of 2024 or save the money as a cushion in case of job loss or other emergencies? More info: my partner and I have saved up 95% of what we need to pay off both of our vehicles, however, I am trying to decide whether we should hold …