When the economy slows down, build your future nest egg through structured savings. Though savings accounts typically aren’t the best ways to save money, when an economy tightens, it is the safest place.

If you don’t already have a rainy day fund to match about 8 months of your planned and un-planned expenses, open a savings account right away. Even if you only add $20 a week, or even $20 a month, you will be well on your way to having the fund when you need it down the road.