Bangalore: All of us don't worry about our finances when the economy is good. We notice it only when things around us get unfavorable. What are the common features you see around when recession looms in? Employees laid off salaries have been reduced and perks have been canceled, dollar is dropping, oil prices increasing, and stock market dropping leaving no much option to survive. Here are different ways to prepare for an economic slowdown in order to protect you and your family. Have Emergency Funds The best way to deal with uncertainty is to have a back up. Increasing your savings will relieve you from stress and give your family a strong financial footing. You should keep between three and six months worth of your living expenses set aside in your emergency fund. Open up a new savings account if you currently don't have one and begin to save first.