In these turbulent markets it would be prudent to position yourself  to be able to better ride out a bit of an economic challenge by reducing debt as much as possible and devising a spending plan that, even if it means some sacrifice, that allows for an increase in personal savings.  Banks are a bastion of safety during these tumultuous economic times.  Increased savings in bank products such as high yield savings accounts, money market account and certificates of deposit is a great way to preserve capital with a good rate of return.  Start by reducing expenses, no matter how small,  and deposit those funds into a high interest rate bank account.

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