3 ways to keep your emotions in check amid tariff stress and recession fears: 'Worrying doesn't help,' behavioral finance expert says

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3 ways to keep your emotions in check amid tariff stress and recession fears: 'Worrying doesn't help,' behavioral finance expert says

^{Published on 2025-05-10 23:21:51 -}

The tariff news can feel all-consuming for investors and consumers, but it doesn't have to.

The article from NBC Washington discusses strategies for managing emotional responses to economic uncertainties such as tariffs and recession fears, as advised by a behavioral finance expert. It emphasizes that worrying does not help and suggests three key methods to maintain emotional stability: first, understanding that economic cycles are normal and not letting short-term fluctuations dictate long-term financial decisions; second, focusing on what can be controlled, such as personal spending and saving habits, rather than external economic factors; and third, maintaining a long-term perspective and avoiding knee-jerk reactions to market volatility. The expert, Sarah Newcomb, stresses the importance of recognizing that while economic downturns can be unsettling, they are part of a larger cycle and should not prompt panic-driven financial decisions.

Read the Full NBC Washington Article at:
[ https://www.nbcwashington.com/news/business/money-report/3-ways-to-keep-your-emotions-in-check-amid-tariff-stress-and-recession-fears-worrying-doesnt-help-behavioral-finance-expert-says/3888980/ ]

N@N

3 ways to keep your emotions in check amid tariff stress and recession fears: 'Worrying doesn't help,' behavioral finance expert says