Your ultimate guide to managing family & friends after the covid-19 recession. Adapt to the new normal. Enroll now!

What you will learn

List to cause and effects of the recession caused by covid-19 into the life of an individual.

Keep yourself on top of the recession-related issues and make the most out of your abilities in managing family & friends during the recession.

Device a master plan to overcome recession and stay out of the traps of recession associated distress.


Welcome to the comprehensive course on Guide to managing family & friends during the recession.

R Tutor is a team of training professionals who explain complex information in the simplest form with relevant examples.

During any recession, news stories about unemployment figures take center stage while the families dealing with the recession suffer, often quietly. People work hard just to stay afloat in hopes that the economy will turn around soon, but often to no avail.

While many families do their best to carry on as if nothing is wrong with the world, recessions can have a profound effect on their day-to-day interactions and the way they live. Families may not be able to avoid the effects of the recession, but they can make changes that can improve their situations and help them prepare for the future, while they wait for an economic upswing.

The course shows some of the ways that recessions have an effect on families, and the ways to combat those effects. This course covers every aspect of the application. It helps you master the most needed knowledge and to create create a pool of wisdom by completing this course. Managing family & friends during the recession.

On completion of the course, you will be able to:
List to cause and effects of the recession caused by covid-19 into the life of an individual.
Keep yourself on top of the recession-related issues and make the most out of your abilities in managing family & friends during the recession.
Device a master plan to overcome recession and stay out of the traps of recession associated distress.No prior knowledge on this topic is required.

Everyone can take this course and is best suited for:
Individuals and families facing the impact of recession due to covid-19.
Professionals and business owners looking to minimize the effect of the recession.
Everyone who is involved with any kind of business or financial institution.

Your wait is now over. Here is the course which helps you get started and fully equip you with the protective measures against recession.

It’s the beginning of the new normal! Enroll now!






Course description

Prerequisites & Target audience

Course objectives

Table of content

Understanding recession

Definition of recession

What happens during a recession

Average duration of recession

Causes of recession

Recession due to natural disaster

Recession due pandemic

Recession due high interest rates

Recession due a stock market crash

Recession due falling housing prices

Recession due Industrial slowdown

Recession due to regulation

Recession due to poor management

Reason for 2008 recession

Reason for 2020 recession

Emotional Effects of recession

Loss of jobs and employment

Disturbed family life

Unwanted lifestyle changes

Crunched family budgets

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Lack of business opportunities

Fluctuation in real estate value

Loss of education opportunities

Increase in debt

Financial effects of recession

Costs Associated with Direct Losses

Costs Associated with Indirect Losses

The Commodity Effect and Scarcity

Opportunity Costs

Coping With Stress – Pandemics

Talk about it

Spend time with friends and family

Take care of yourself

Limit exposure to images of the disaster

Find time for activities you enjoy

Take one thing at a time

Do something positive

Avoid drugs and excessive drinking

Ask for help when you need it

How to survive recession

Preparing for a recession in advance

Create an emergency fund

Pay off all possible debt

Create new income opportunities

Branch out your investments

Reduction in regular expenses

Keep the money flowing in

Keep saving as much as possible

Find ways to enjoy life

Stop Impulse Buying

Create a 30-day waiting list

Avoid going to big malls

Reward yourself without spending

Avoid online shopping websites

list and a plan for your purchases

Check reaction to impulse buying

Research alternatives before a purchase

Healthy food tips in epidemic

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Keep up fruit and vegetable intake

Dried or canned alternatives

Build up a stock of healthy snacks

Limit highly processed foods

Make cooking and eating a fun

Maintain General food hygiene

Drink ample water

Take citrus food and Multiviamins

Moonlighting Jobs to Earn Extra

Elderly Companion

Delivery Driver

Hotel Night Desk Clerk

Bartender or Hostessing

Caterer’s Assistant

Beach or Pool Lifeguard


Local Tour Guide

Dog Walker

Freelance Blogger & Writer

Money tips for salaried earners

Make a budget & start saving

Frame your financial goals

Invest in right instruments

Maximise tax savings

Opt for the right insurance

Improve your salary structure

Save for an emergency

Avoid debt traps

Saving on day-to-day expenses

Reduce or eliminate dining out

Cook all meals at home

Reduce intake of Soda

Prepare coffee at home

Do your own personal grooming

Clean your car at home

Avoid professional dry cleaners

Exercise without Gym

Travel economy

Spending Quality Time with Family

To Strengthen the Bond

To Inculcate Values

To Show Kids That They Matter

To Teach and Learn New Things

To Pass on Traditions

Learn to Deal with Highs and Lows

To Understand One Another

Ideas to Maximize Family Time

Have At Least One Meal Together

Exercise or Workout Together

Go for a Walk After Dinner

Pick a Book to Read

Plan a Day Out Each Month

Turn Off Your Phone

Cook a Meal Together

Clean the House Together

Spread Smiles

Help Children with School Work

Common scams during recession

Advance fee fraud

Lottery, sweepstakes scams

Dating and romance scams

Computer hacking

Online shopping and auction scams

Online bank account scams

Small business scams

Job and employment scams

Golden opportunity & gambling scams

Charity and medical scams

Friends Without Money

Find free or cheap things to do

Talk to your friends about money

Offer to pay more than your share

Let friends voice their concerns

Reconsider judgments about money

Realize broke or poor