6 Money Moves to Weather Financial Uncertainty in 2023

The article discusses six money moves that consumers can make in 2023 to help navigate financial uncertainty and prepare for potential economic instability. The suggestions include: \n\n1. Building a solid emergency fund by saving a percentage of earnings each paycheck and setting up automatic transfers to a high-yield savings account. \n2. Finding a high-yield savings account to store extra cash and take advantage of high-interest rates. \n3. Paying down high-interest credit card debt by utilizing debt reduction strategies like the avalanche method or consolidating debt into a lower-rate personal loan. \n4. Making a plan for student loan repayments, considering the potential need to rearrange budgets to account for additional monthly payments. \n5. Investing in the future by taking advantage of reduced prices in the stock market and diversifying investments through options like HSAs, real estate, annuities, and small businesses. \n6. Taking time to have fun and focus on things that bring joy, as sustained economic uncertainty can be stressful. \n\nIt is important to note that the information provided in the article is not investment, tax, or financial advice, and individuals should consult with licensed professionals for advice specific to their situations.