06 January 2026

When a Recession Looms, Should You Build an Emergency Fund or Kill Your Debt?

woman confused looking at laptop
GaudiLab / Shutterstock.com

A recession can wreak havoc on your finances. So it’s understandable if you’re worried by recent headlines. Economists are increasingly pessimistic amid tariffs, which could lead to higher prices. Companies and the government are cutting jobs, which has led to higher unemployment. If you’re worried about a recession, there are steps you can take to safeguard your money. But you’re probably…



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