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How to prepare for uncertain economic times.

When going through tough economic times, should you adjust your financial plans? And what do all these interest rate changes mean for you anyway?

We present five articles to answer those and other questions in our latest roundup.

What Long-term Inflation Means for Your Finances

“It can be helpful to divide your common costs into need-to-haves versus want-to-haves, to gain a sense of how to lower your spending overall, while still being sure you can afford the essentials.”

How Can I Avoid Going Into Debt This Holiday Season?

“It's likely you're not the only one trying to stay on a holiday budget this year. Agree to put a dollar limit on gifts, or maybe just buy for the kids. Another idea is to opt for a ‘Secret Santa’ or ‘White Elephant’ gift exchange so you’re each buying one gift instead of a gift for each person.”

Fed Interest Rate Changes: How Does This Impact Your Personal Finances?

“When the Fed raises rates, it leads to savings products like money market accounts and certificates of deposit (CDs), having higher interest rates, which can help consumers earn more money on their savings.” 

How To Manage Your Savings Strategies During Inflation

“Ultimately, although inflation may mean you can’t put away as much money as you’d like, you can strategize around your spending to help you save more, and make your money work as hard for you as possible.”

3 Ways to Save: Money Markets, CDs, or Savings Accounts

“Are you starting from $0 or do you have funds you want to secure? Do you want the ability to withdraw money whenever you need it, or are you hoping to build your funds with interest payments? Once you have a good idea about your preferences, you can compare the different types of accounts.”

Finally, for business owners coping with rising prices and tight margins, here are four cost-cutting tips.