How To Prevent a Rocky Economy From Derailing Your Financial Goals

How To Prevent a Rocky Economy From Derailing Your Financial Goals

Cindy Lamothe  Wed, August 6, 2025  GOBankingRates

When the economy starts acting up — think rising prices, stock market swings or constant chatter about a possible recession — it’s totally normal to feel anxious.

One survey by Equitable Holdings revealed that only 42% of Americans feel prepared to navigate shifting financial challenges, including potentially higher costs from tariffs, market volatility and lingering recession concerns. When those challenges hit, suddenly, the financial goals you’ve been working toward can feel like they’re slipping out of reach.

But here’s the truth: A rocky economy doesn’t have to derail your progress. With a few grounded strategies and a little flexibility, you can keep moving forward — even when the economic forecast looks a little stormy.

Rethink Inflexible Goals

According to Kevin Huffman, finance specialist, owner and senior contributor at Kriminil Trading, Americans need to focus on flexibility as much as ambition

“The trick is to create a financial plan resilient enough to bend without breaking,” he said.

To get there, he suggested starting by rethinking inflexible goals into more flexible targets like working toward a certain savings threshold by a particular year rather than dwelling on a retirement age. Then, section those goals out in 90-day checkpoints to make course corrections for the unexpected without interrupting your momentum.

Automate Your Good Habits

TO READ MORE:  https://www.yahoo.com/finance/news/prevent-rocky-economy-derailing-financial-102838605.html