A Recession Can Decimate Your Savings. Protect Your Money by Keeping It in These Places

The best place for your cash? That depends on what you're using it for. atakan/Getty Images The economic hits keep coming. In addition to high prices, stock market freefalls and regularly changing tariffs, there's a recession on the horizon, too. Your money has been through enough already. What can you do to keep it safe from this next threat? Stuffing all your cash under your mattress is clearly a bad idea, but so is putting it all in any one account. Where you should keep your money in a recession depends on how you plan to use it. From your everyday spending cash to your long-term savings, here's where your hard-earned money will be safest -- and work the hardest for you. 💵 Where to keep your spending money in a recession Rewards checking account Even if your paycheck is directly deposited into your checking account, you shouldn't keep all your money there. Your checking account funds should cover everyday spending and bills, plus a cushion for other expenses. The rest of you ... Read full article.