Australian Finance Podcast
Recession-proof your money: a practical plan for Australian households
Could Australia slip into recession—and what would that mean for your money? Rather than treating every alarming headline as a prediction, this episode focuses on the practical moves you can make now. In the Australian Finance Podcast, Owen Rask and Gemma Mitchell unpack what a recession is, why higher interest rates and the cost of living are weighing on households, and why the share market does not always move in step with the economy. They separate the economic numbers you cannot control from the everyday decisions you can. The starting point is a savings buffer. Owen explains why even a modest emergency fund can matter, while Gemma suggests testing whether your current buffer would really cover an income shock—and agreeing on what counts as an emergency before one happens. They also discuss a bare-bones budget alongside your normal one, trimming optional spending early, checking that mortgage offset accounts are actually offsetting interest, and reviewing insurance and super without making a fear-driven switch. For homeowners, they explore when refinancing or restructuring a loan might create breathing room—and why access to extra credit demands discipline. Finally, Owen and Gemma talk about staying invested within your means, reviewing your skills and income options, and getting on the same page with your partner. The aim is not to forecast the next recession perfectly. It is to be more prepared for a difficult season while continuing to build a life that matters to you. Episode resources – Buy Gemma’s book “The Money Reset” – Speak with the Rask Advice team – Ask a question (select the Finance podcast) Show partner resources – View VanEck's range of funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Get 50% off your first two months using PocketSmith – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices
