From emergency savings to lifestyle inflating: things you should — and shouldn't do — in a recession

When the economy takes a hit, unfortunately, so does your wallet.

The key is to find balance within your finances by doing things like prioritizing essential expenses and safeguarding your emergency fund.

Here are 15 moves — and missteps to avoid — to ensure your hard-earned money keeps working for you, even in a recession.

A poor credit score can mean higher interest rates on loans and credit cards, or difficulty securing a mortgage, car loan or rental approval.

Don't sell everything and sell investments when the stock market starts sliding, but selling in a panic often locks in losses that could have recovered over time.

Cashing out early can do more harm than good.

Dave Ramsey says this 7 -step plan works every single time’ to kill debt, get rich in America — and that anyone’ can do it - Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead - Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes This article provides information only and should not be construed as advice. It is provided without warranty of any kind..