Amid fears of an impending recession linked to tariff uncertainties, financial experts like Dave Ramsey advocate for proactive consumer measures. Ramsey suggests creating a budget to track spending, which helps in identifying potential cuts. Additionally, he emphasizes the importance of boosting emergency funds to maintain financial stability. By taking these steps, consumers can better prepare for possible economic downturns without letting panic dictate their financial decisions.
If you're worried about a recession, then one of the best things you can do is boost your emergency fund to ensure financial stability.
A budget tells you where your money is going every month, making it easier to keep your spending in check and cut costs.
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