Charlottesville, VA (CVILLE RIGHT NOW) – Financial expert Jill Schlesinger shared her insights on managing personal finances during uncertain times. During a conversation on Morning News, she addressed concerns about the current economic climate, including a stock market sell-off and job insecurity. “We just had the worst week of stock sell off since September,” Schlesinger noted, stressing that these events reflect broader economic uncertainties. She emphasized the importance of focusing on what individuals can control to mitigate anxiety about the future. 

Schlesinger, known for her practical financial guidance, recommended a “Panic Protection Plan” for times like these. She advised listeners to secure an emergency reserve fund and prioritize paying down debt. “When the markets are going down, it’s a good time to actually put more money into your retirement account,” she said, highlighting the need for proactive financial planning. As fears of a recession loom, Schlesinger urged individuals to reassess their spending and prepare for potential job losses, particularly in industries vulnerable to disruption. 

Offering actionable steps, Schlesinger concluded by advising people to adjust their financial strategies in response to the current state. “If you’ve got your kids’ college tuition money, and you’ve made a lot of money in crypto, get it out,” she warned, encouraging listeners to protect their assets from unpredictable market shifts. Her advice serves as a valuable resource for those looking to navigate the current financial landscape with confidence. 

Listen to the full conversation here: