What The Elle - 💸 Money Cheat Sheet: In This Economy?

Smart money moves to make during uncertainty.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Ellevest
What the Elle logo
 

This week’s money mood: Uncertainty️️

As a money coach here at Ellevest, I’ve talked to a lot of clients lately who feel nervous about the economy and the markets. Many have told me that even though they feel like they know the conventional advice about how to manage their money, they still don’t feel 100% confident about what they should be doing right now.

There is so much outside our control, and uncertainty is uncomfortable. It makes us antsy to do *something* differently — if only we can tweak, adjust, change, or prepare in some way, we’ll feel a little bit more in control.

But here’s the truth: While there are some things you may decide to do a little differently right now — and we’ve got that advice for you below — there are probably no big changes you should be making.

Trust the process. Don’t panic. Rest in the knowledge that you’re making the best decisions you can with the information you can. That’s how you make it through this uncertainty.

You’ve got this,

Samantha Vient, she/her
Senior Financial Planner

 
A woman contemplating a downward-trending stock market graph, with a calculator and pie chart floating nearby. Illustration.

Interest rates, inflation, and bear (markets), oh my!

Economy making you nervous? 😰 Fear not — here are some money moves you might decide to make now to help prep for whatever happens next.

READ ON, DOROTHY >

 
Split screen. Left, a hand putting a coin into a piggy bank. Right, a hand holding a wrapped gift. Illustration.

Worried about having to reel in your budget?

It’s easier than you think — especially when you use your core values. Learn more about intentional spending and watch your budget transform.

READ OUR GUIDE >

A text graphic that says, “Save for a rainy day.”” Speech bubbles float around.

What’s the right amount for *my* emergency fund?

Figure out how much you should be saving with our handy calculator.

CHECK IT OUT >

 

$$ win of the week

“Recently had an unexpected $1,600 dental emergency. Luckily my cushioned F*ck-Off Fund absorbed that expense. Thank you past me!!”

— Lisette, an Elle Raiser from Hollister, CA

Tell us about your latest money win! The form only takes a sec.

 
A web search bar showing the words “dealing with inflation” Speech bubbles float around.

NEW Ellevest Explains

Come learn about inflation — and, most importantly, how to deal with it — on your lunch break.

SIGN UP >

 

In other news …

Surveys are showing that more and more people are using up the savings they built over the past two years just to weather inflation. Some good insights from Forbes here re: what to do instead.

In addition to slowing inflation, it seems rising interest rates may also be ending a period of asset overvaluation, a recent contributor to wealth inequality. (Trust us: This article is more interesting than that sentence makes it seem.)

Drivers, beware: Apparently, with gas prices what they are, gas stations are starting to hold a lot more $ on your credit card as “pending” — up to $175. 😱

Wondering whether the housing market will ever hit its limits? That time might be now.

H/t to the Hustle for turning us on to this Dow Jones stock market-themed bar in Barcelona?? 📈🍹


 

Get the latest insights at our next Ellevest Explains: Market Volatility.

 SAVE YOUR SPOT 

This week’s newsletter was brought to you with the old world right behind us. Forward it to your friends who keep running fast.

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DISCLOSURES
 
All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.
Banking products and services are provided by Coastal Community Bank (“Coastal”), Member FDIC, pursuant to license by Mastercard International. Your Ellevest Spend and Ellevest Save account deposits will be insured to the regulatory limits by the FDIC through Coastal Community Bank, Member FDIC.
Funds held in your Ellevest investment accounts are not FDIC insured, not guaranteed by Coastal, and may lose value. Ellevest does not guarantee investment performance.
Ellevest Membership fees are as follows: Ellevest Essential is $1 per month, Ellevest Plus is $5 per month, and Ellevest Executive is $9. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.
 
 
 

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