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.
18:38
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Quick takeaways
- Maintaining a clear mindset during economic uncertainty involves taking breaks from news consumption and fostering a supportive environment for mental health.
- Building an emergency fund with at least six months of expenses while utilizing high-yield savings accounts can enhance financial stability and discourage impulsive spending.
Deep dives
Managing Financial Anxiety in a Volatile Economy
In times of economic uncertainty, managing financial anxiety is crucial for maintaining a clear mindset. Individuals are encouraged to take breaks from consuming news and social media, which can contribute to feelings of overwhelm and panic. By creating a supportive environment and surrounding oneself with positive influences, it’s possible to cultivate a healthier perspective on finances. Recognizing that mental health is as vital as financial health helps individuals focus on long-term financial planning rather than succumbing to fear-driven decisions.
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