Life Kit: Money How to handle your money during tariff uncertainty
Apr 28, 2025
Lauryn Williams, a certified financial planner and Olympic gold medalist, shares her expertise on navigating finances during tariff uncertainties. She emphasizes the importance of maintaining mental well-being alongside financial health. Strategies for managing spending, establishing an emergency fund, and avoiding scams are discussed. Williams also highlights the impact of tariffs on consumer behavior and advocates for careful purchasing decisions. Join her for practical tips to stay financially secure in a volatile economy.
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Limit Information Overload
- Avoid information overload from news and social media during economic uncertainty.
- Make informed decisions only when you clearly understand the situation, don't panic and change plans prematurely.
Watch Out for Financial Scams
- Beware of financial scams that increase during uncertain times.
- Verify credentials, avoid promises of guaranteed returns, and do background checks before sending money.
Build an Emergency Fund
- Build up an emergency fund with at least six months of expenses.
- Use automatic transfers to a separate high-yield savings account to prevent casual withdrawals.