War in Ukraine and the Middle East, Houthi rebels striking cargo ships in the Red Sea, political unrest, climate change…it seems like the global economy is in a constant state of crisis. What if you lose your job, what if you suffer an emergency expense that you can’t afford, what if the stock market crashes?
There are lots of “what-ifs” in the world. But no matter what happens from one day to the next in the global economy, it’s important to build your own sense of resilience and stability in your personal finances.
Let’s look at a few expensive mistakes to avoid during times of economic uncertainty.
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1. Taking a hit to your credit score
If your FICO® Score is less than “good,” (lower than 670) you are vulnerable to higher costs and painful penalties. People with poor credit are…
