Financial wellness

Shrinkflation is a business tactic where companies reduce a product’s package size or quantity while keeping the retail price the same. Brands use shrinkflation during inflationary periods to offset rising production and supply chain costs without deterring shoppers with higher price tags. You can spot shrinkflation by checking unit prices per ounce on shelf tags, reviewing product net weight, and watching out for subtle package redesigns. Switching to store-brand generics is a smart way to protect your budget.

The Federal Reserve is the central bank of the United States, responsible for managing national monetary policy, regulating banks, and maintaining financial stability. The Fed directly impacts your everyday finances through the federal funds rate, which influences interest rates on credit cards, personal loans, auto financing, and mortgages. When the Fed raises rates to combat inflation, borrowing money becomes more expensive, though yields on savings accounts generally rise. Conversely, rate cuts make consumer credit more affordable while lowering savings yields.

Building a financial safety net involves saving 3–6 months of living expenses in an emergency fund to protect against unexpected life events. During a financial hardship, protect your finances by contacting creditors early for deferrals, inventorying available cash, and tapping into government programs like SNAP, unemployment, or local 211 assistance. Prioritize essential expenses—housing, utilities, food, and insurance—and focus on rebuilding emergency savings once your situation stabilizes.

You shouldn’t empty your savings to pay off debt because operating without a financial safety net leaves you vulnerable to unexpected expenses that force you back into high-interest debt. Draining retirement accounts early also incurs severe tax penalties. Instead, maintain a starter emergency fund of at least $1,000 while applying a structured repayment plan—such as debt avalanche or debt snowball—to steadily reduce balances without sacrificing safety.

Here you are again, in an uncomfortable but familiar situation.  Your best friends are planning a last-minute trip, and everyone’s so excited—except you. Between the

Recessions can hit when we least expect them, but with the right steps, you can stay financially prepared no matter the headlines. From paying down high-interest debt to building an emergency fund and diversifying income, small changes today can make a big difference tomorrow.

Tariffs might sound like a global issue that only politicians or international business people have to deal with, but they have real effects on your wallet. Knowing how tariffs impact you—and what you can do about it—can help you stay ahead financially.

Figure out how to save money with these tips and learn how to be more intentional with your money.

If you’ve recently been laid off, you’re probably in a tailspin. Not sure where to start when it comes to managing the financial impact? You can follow these steps to help you stay organized and manage your money.