Ok, you own your own home: so how do you plan to keep it?  Listed below are the top 5 must have's in order to hold on to your home during an economic crises:

1.  Make sure you have 6 months of income reserves at all times in a savings account: 12 months if you have a two paycheck household and plan to have children.

2.  Insure your wages against layoff.  Most lenders will offer a policy that will continue to pay your mortgage when you’re unemployed due to medical or layoffs or other issues.

3. Never take out a loan when you’re just able to make ends meet.

4.  Keep your insurances up to date.  Make sure a total loss will pay the total bill.

5.  Sometimes the last resort is to rent out your home and rent for a while.  However, don't wait to long to make that decision.