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That means, they may need to change theirbudgetingstrategies in a high-tariff environment.
GOBankingRates spoke to two Gen Xers about how theyre budgeting andresponding financially to tariff uncertainty.
Three weeks later, Hadley landed another job, this time in the auto industry.
I was laid off from that job after just two weeks, she said.
But market fluctuations over the past few months have dropped that account by $50,000.
He called it depressing that his portfolio value has dropped greater than the amount that hes contributed.
For Hadley, unemployment, job uncertainty and higher prices is a stressful trifecta.
The biggest cost she can control, she said, is how she shops for groceries.
Moreover, its affecting how she plans for future spending, too.
I plan on never having a car payment again and only using my checking account for transactions.
Otherwise my money goes into investments or sits in a high yield savings account.
Shes also downsized her living situation and moved into a walkable area that is accessible by public transportation.
Drive your old cars for another year.
Fix the back fence yourself instead of replacing it.
Stuff is going to be expensive for a while.
She also urged people to spend more time building community.
The headwinds are harder to face alone.
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