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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

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/ ]