From Yahoo Finance: 2025-04-30 12:45:00

Financial markets are volatile, and consumer confidence is at its lowest level in five years, with economists warning of rising recession risks. Roughly half of U.S. adults believe President Trump’s trade policies will significantly increase prices. Matt Watson, CEO of Origin, emphasizes the uncertainty affecting everyone, including experts.

To prepare for economic uncertainty, experts recommend taking stock of your finances, cutting back on nonessential expenses, and focusing on what you can control, like budgeting and creating an emergency fund. It’s essential to prioritize debt payments and not panic about investments, especially in retirement accounts.

In times of financial stress, it’s crucial to take care of your mental health. Limit exposure to news that can cause anxiety and seek professional help if needed. Regularly adjust your budget, create an emergency fund, and focus on managing debt strategically to navigate uncertain times effectively.



Read more at Yahoo Finance: Tips for handling your finances in a time of economic uncertainty