1-Living Beyond Your Means: Overspending and accumulating debt can be disastrous during a recession. Create a budget, cut unnecessary expenses, and live within your means to weather the financial storm.

2-Neglecting Emergency Savings: Failing to have an emergency fund in place can leave you vulnerable. Aim to save at least three to six months' worth of living expenses to cover unexpected costs.

3-Risky Investments: Avoid making high-risk investments or speculating on the stock market during uncertain times. Stick to a diversified, long-term investment strategy that matches your risk tolerance.

4-Ignoring Debt Management: High-interest debt can drain your finances. Prioritize paying off high-interest debts like credit cards and personal loans to free up cash flow.

5-Skipping Insurance Coverage: Inadequate insurance can lead to financial disaster in case of unexpected events. Ensure you have health, home, auto, and disability insurance to protect yourself and your assets.

6-Unplanned Job Changes: Quitting your job impulsively during a recession without a backup plan can be a severe mistake. Explore job security, negotiate for better terms, or seek additional income streams.

7-Hoarding Cash: While having cash reserves is essential, hoarding cash excessively can result in missed investment opportunities. Strike a balance between liquidity and investing for long-term financial growth.