(COLORADO SPRINGS) — From stock market swings to tariffs, financial confidence may be hard to come by these days. Bree Shellito, Director of Financial Well-Being at Ent Credit Union, joined FOX21 News on Thursday, May 1, to share how you can have financial confidence in uncertain times. See below for more information.
1. Check in with your financial plan regularly
Even the best financial plan needs checkups. As the economy shifts and life changes—job changes, inflation, unexpected expenses—your plan should evolve too. A quick monthly review of your budget, goals, and accounts helps you stay proactive instead of reactive.
Pro tip: Set a calendar reminder once a month to do a “money check in” —just 15 minutes can make a difference.
2. Build or maintain an emergency fund
An emergency fund isn’t just for job loss or major crises—it’s peace of mind. With everything from grocery prices to interest rates fluctuating, having even a few hundred dollars set aside can reduce stress and give you options.
Pro tip: Start small—$10 or $20 a week adds up. Automate it if you can, and treat it like paying your future self.
3. Focus on habits, not headlines
The headlines can feel overwhelming—recession fears, inflation, market ups and downs. But your financial power comes from habits: spending wisely, saving regularly, and sticking to your values. Those are the things in your control.
Pro tip: Limit how much financial news you consume if it stresses you out. Use that energy to check your goals or update your budget instead.
4. Pause and reflect before big financial decisions
Whether it’s a large purchase, taking on debt, or switching jobs, financial decisions made under stress can lead to regret. In uncertain times, slow down. Ask: ‘Is this a need or a want? Does it align with my long-term goals?’
Pro tip: Use the 24-hour rule for non-urgent purchases—sleep on it before swiping that card.
5. Keep learning- financial knowledge is power
Uncertainty shrinks when understanding grows. Keep learning about money—whether it’s how credit works, how to save on groceries, or how to invest wisely. Knowledge builds confidence and improves financial choices.
Pro tip: Check out free financial education from your local credit union, podcasts, or community classes—it doesn’t have to be complicated.
