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Personal finance expert shares what you need to know amid Trump's tariff whiplash

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There are growing concerns over Americans' finances due to President Trump's tariff whiplash and fears of a recession. Michelle Singletary, personal finance columnist at The Washington Post, joins José Díaz-Balart to give advice to Americans amid this moment of uncertainty in the markets.
In an article on Yahoo Finance, personal finance expert Suze Orman shares essential tips for managing money effectively. Orman emphasizes the importance of understanding your financial situation by tracking income and expenses, and advises creating a budget to control spending. She highlights the significance of building an emergency fund to cover unexpected costs, and stresses the need for saving and investing for the future, particularly through retirement accounts like 401(k)s and IRAs. Orman also discusses the importance of managing debt wisely, suggesting that high-interest debt should be paid off quickly, and encourages readers to improve their credit scores by paying bills on time and keeping credit utilization low. Lastly, she advises seeking professional financial advice when needed to make informed decisions about complex financial matters.

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